u.s. venture firm it's easier to raise money than any time i have been in business said david rubenstein of sequoia does not bode well for future returns and then he also skips forward to there has been a ten fold increase in v.c. stage investment by mutual funds and just three years with more than two hundred fifty funds now holding positions in private tech companies so of course this is one of the theories is that like everybody who wants to be invested is already invested more than you like has ever been needed there is an eight billion dollars worth of of of investment opportunity we saw that with i.c.a.o. is people wanted to invest they had some money from their prices going up and they that was they were throwing money at i.c.'s who just had a white paper and there was nothing actually there so this is what he's seeming to suggest is that a lot of these v c's are raising money but there are no opportunities to invest right well i have the same argument about the dow jones when it was trading at around nineteen thousand on the dow jones that the last bear have capitulated so therefore

u.s. business ventures in china, which i suppose is a point if you are concerned about the u.s.'s position in ai vis-a-vis's china. >> this has been described as a cult or clash. liberals silicon valley versus the conservative military. dunfordple like general are looking at is the larger trend of trying to understand, how do we look at these innovative companies yet of they are headquartered in the u.s. but they are global. that is how they have to structure themselves and pursue opportunities. how should the u.s. be dealing with these u.s.-based companies that aren't really quite american? quite ask them to pursue business in a way that exports american values when there is so much opportunity to be had in china. i think what dunford is saying when he says it is not about google is that he is looking at a broader way, what it means to be having an innovative military of thoses to keep some things out of chinese hands while leveraging the commercial side. another story about google's efforts in china, the intercept reports google executives are carrying out secret work, a secret

u.s. hasn't ruled out minute trying to venture in venezuela but many u.s. officials are warning against it saying a military intervention and occupation should not be attempts and even burning saunas as want against it. yes well in my opinion i think the constitutionally interim president should out upon the need of their people and to request not immediate terry intervention but any international humanitarian intervention with military support and that's why our legal one eighty seven eleven or national constitution allows the old three station requests for a military cooperation to come into our country when we have hundreds of people dying every day at least in the last forty eight hours only because of the lack of electricity we're going to hundred people have to say so but usually it's nine hundred people daily so how worried should a juror be i mean in the last two decades u.s. forces have invaded panama with that even intervened in countries like grenada but in this case madeira pretty much has the support of his armed forces doesn't it when he has a

venture global. >> here is how you export natural gas. you private to a terminal and a facility which turns into liquid. the first company in the u.s. o this is -- enter venture global. it is looking at a new way to export. small trains. use more of them to freeze an d export the same amount. it is using 54 trains where another company might use six. the modular trains are made in a factory off-site and the hope is that it can reduce costs lever and project delays. the company passes half of these cost savings on to their customers. it is still expensive. a project in the louisiana will cost $15 billion. >> the department of energy gave a thumbs up for the company to export 600 billion cubic feet per year of lng. i recently caught up with the ceo in italy. >> we saw the going larger in scale, the benefits got overwhelmed with the cost because the construction got so massive and complex. also risky as it relates to potential cost overruns. our approach where you capture manufacture savings and also shift massive construction activity on the site into a factory, the savings depends on which market you are comparing two can be 50%. >> c

u.s. dollars in venture was venezuela khana me in recent years so of course. ousting would be a major headache for russia. how much capital is the in russia to increase their commitment there already made quite sizable political as well as economic investment. they did indeed and the only actually concrete result from this visit today is that it's been announced that the office the head of the european office of the state oil company of venezuela will be moved to moscow from lisbon because of it as well as as we don't we can't get any guarantees from europe to defend our state assets anymore they have been stealing our state assets so that would be safer in moscow also russia has been sending seven a half tons of medication to venezuela and also a lot of agricultural products like wheat but nothing really concrete has been offered after that it's also interesting to know that the pasch of putin's spokesman said that there hasn't been any new developments on lending any more money to venezuela and in april there will be a high level commission meeting between t

u.s. aircraft carrier has ventured that far north to send a message to moscow. truman early within the next ten years, reducing the navy's carriers to ten from a cold war high of 15. report issue warned the u.s. military might struggle to win or perhaps lose a war against china or russia. the general warned nato ally turkey not to purchase the russian s400 air defense system saying the u.s. should not move ahead with its sale of advanced fighter jets. >> bret: chinese hackers are going after american universities as part of an effort to steal research with military applications. >> the chinese assault on america's military and higher education has gotten worse says a new study of beijing spying on our soil. i cyber security firm has detailed chinese efforts to steal american research about maritime military technology. the study claims chinese hackers have breached u.s. navy contractors with special interests, snatching some rain technology and designs of missile systems. the report also says beijing has tried to hack more than 200 universities in its quest incl

u.s. aircraft carrier has ventured that far north to send a message to moss to cow.ire truman if early, within the next ten years, reducing the navy's carriers to 10 from a cold war high of 15. a report issued from former senior u.s. military officers warned: the u.s. military might struggle to win or perhaps lose a war against china or russia. the general warn nato ally you are turkey not to purchase the russian s-400 air system saying if it does, the united states should not move ahead with its planned sale of fighter jets. lucas tomlinson, fox news. jon: a growing concern for u.s. service members after they return home from active duty. >> you're so wound up by this kind of death and destruction for so long that you come back, and i feel like you just kind of start to unraveling -- unravel a bit. things become hard. things become distant, just kind of don't matter as much anymore. jon: suicide rates among veterans have reached staggering rates. we'll hear from service members about their experiences. ♪ ah, i'll look into it. [phone ringing] [beep] lisa jones! hey

u.s. marine is giving rape victims their voice. private companies that have got a lot of v.c. venture capital funding are ready to go public this year i saw the list they're all going out at forty fifty sixty seventy billion dollars valuation so the prediction here is that it will be the end of this cycle you're going to have a like two thousand and one style crash. due to the fact that there's nothing to support the valuations of these companies and very quickly crash. the ukrainian presidential elections are just days away because of course the eligible voters still don't know who to support with thirty nine candidates in the race is the choice to broach. the subject to. back to american women have launched an initiative to help people in need japanese island of okinawa who've been sexually assaulted by u.s. military personnel washington has over twenty five thousand troops in the prefecture hundreds of army members have been convicted of serious crimes there in recent decades including right we spoke to one of the women working with victims. the reason that i wanted to create survi

u.s. marine i was trying to give rape victims there a voice. private companies that have got a lot of venture capital funding are ready to go public this year i saw the last they're all going out at forty fifty sixty seventy billion dollars valuation so the prediction here is that it will be the end of this cycle you're going to have a like two thousand and one style crash. due to the fact that there's nothing to support the valuations of these companies and very quickly. again this is new in at least thirty two have been killed and nine critically injured after a truck smashed into a crowd in western guatemala you may find the next video distressing coming up reports say that children are among the casualties the people are gathered the crowd gathered around the victim of an earlier accident when the truck plowed through the crowd what a turn of events. bodies were strewn across the highway on a notoriously dangerous stretch of road at least one hundred twenty five people being killed on guatemala's roads this year alone. or authorities in japan face a public backlash and the results of a re

u.s. trade conflict. it's not the way we want it the investor or venture rather the world wide web which turns thirty today admits it's facing growing paints hate speech privacy concerns state sponsored hacking tim berners lee is calling on governments companies and citizens to work together and he wants the web to become even more accessible. the ability of just about anyone to contact everyone anywhere in the world is down to this man tim berners lee as a young english physicist berners lee came up with a program language that enabled computers connected to the internet to exchange data. back then he was more concerned about linking academic computers around the world the science community and something else tim berners lee didn't get his language paid and did the world wide web was free of charge from the beginning on that might have had something to do with how the internet swept and changed the world in such a short time. what we're getting to this point in just a few months when for the first time more than half the world will built will be online we're calling it a fifty fifty moment and that's a mo

. -- regulate joint ventures and foreign owned enterprises tailored to meet u.s. concern.y will ban forced technology transfers and illegal government interference and foreign businesses. the commerce industry is insisting american companies are committed to stayining put. american companies tell us china is still the top priority of their indndustry's globabal investment plan. the prospect of steady growth in key industry markets and the growing affluent middle class have kept confidence high for amamerican comompanies in china. companies remain optimistic about the continued improvement of china's invnvestmentt environment. >> a common euro zone budget mechanism remains on the box agenda. emmanuel macron is an outspoken proponent of the idea, which was agreed by the 19 euro zone countries in a summit this past december. last night it was portugal's turn to call for progress with the finance minister calling it the best response to uncertainties from international tode tensions took brexit -- brexit. in the longetet tool run will be a guarantee of stability and prosperity

u.s. having a printer or a german tech ambassador? that is how fast the world is moving. i'm trying to bring ventureapital with a different definition, not just providing money or financial returns, but across all the geographies in the u.s. across seven states in the u.s. i don't want to see us leave behind the central part of the nation and the southeast. heavily involved in texas, georgia, west virginia, doing some i hope pretty creative stuff, as far as the creative startup ecosystem. shery: so many economies depend on china. we are seeing the economy in china slowing down. how concerned are you on this? john: nine concerned when you have the second largest economy in the world slowing down. i've been doing business in china for 40 years. i started as a teenager for the record. i think that economy is very important to us. you have the largest population in the world. it's important not only for their economy do well but be inclusive for their citizens. it's equally important how india does. the momentum feels good, prime minister modi has done the best job in the world in terms of the digital a

emily: loup ventures cofounder gene munster. coming up, can the u.s.t safeguard the 2020 presidential elections from foreign influence, and what is silicon valley's role? we will hear from congressman ro plan to makehis them work together. check us out and follow our breaking global news network tictoc on twitter. this is bloomberg. ♪ ♪ emily: welcome back to "the best of bloomberg technology." i am emily chang. special counsel robert mueller's investigation of russian interference in the 2016 election is wrapped, though the political fight may continue. there is still plenty of work to do ahead of the presidential 2020 vote. congressman ro khanna has laid out what he believes needs to be done in a washington post op-ed, writing, "completely preventing the injection of foreign government propaganda into our discourse is impossible, but we can ask our tech industry to reduce the amplification of such messages and quickly detect, quarantined, and report forein

u.s., sirius xm. this is bloomberg. ♪ ♪ emily: 2018 was a historic year for venture capital.nte capital firms roughly 100 $31 billion across 8000 deals. that's more than a 57% increase from the year prior. will that trend continued this year? his ourus to discuss next guest. how will 2019 compared to 2018? >> at the end of last year, we ,aw the yield curve inversion and some sort of concern about slowdown, but into the first quarter of this year, we have not seen that slowdown. deals are just as competed as they were last year. funding rounds are as big, if not bigger. more yield is being preempted, go onto markets, someone will come in and give them a term sheet or do a deal. emily: if you take softbank out of the equation, is it still as robust? beth: that's a good question. i think so. more and more are funds being raised. they are bigger and bigger. while softbank has invested a 2018, i think the overof the funds increases the last year or so will make up for that. emily: are you concerned about the political uncertainty tied to the economic uncertainty given the election

i think it will be the reverse i think you saw $99 billion go into venture capital world in the u.s.ast year a recordsince 2000 i think when people begin to see the large investments where they invested $4.9 billion in lyft and see the return as $27 billion based on the stock today, if it prices in the range you e encouraged doing both. second part of the question is important one for the viewers, and i'll give you some data. i have seen every movie there is to see, upturns, down turns. let me walk through three examples the early stocks in a major technology model change are the ones that benefit. go back to cisco, i know the numbers well if you spent a thousand dollars on cisco in january of 1991, in the market, you would have made 156,000 over the next two decades. if you would have looked at google and facebook, as an example, next generation, ten years later of companies that really took off, and waited longer to go public, they would go at $23,000 return for google, for a thousand dollars invested in ipo, 4,000 for facebook the longer companies waiting to public, leverage goes

venture. that makes it the first u.s. lender to receive such a nod from regulators.eijing last year lifted a ownership cap to help spark foreign investment. the bank'ss predict from chinese securities alone could reach $3.3 billion by 2030. it's the first such mandate from the vatican to candidate -- catholic officials. they will face possible jail time for failure to report any crimes. news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. >> president trump says the pressure hoax is dead after the filing of the mueller report. at a rally in michigan last night, he made his latest declaration but he has been completely vindicated from the pressure probe. >> they spied on me. campaign. on air who would think that is possible? the single greatest political hoax in the history of our country. guess what, we won. it is a beautiful thing. our senioroined by campaign adviser to the bernie sanders campaign. thank you for being with us. you heard the president say completely exone

challenges women face in tech, funding, the latest stats from pitch book show that 16% of venture capital funding in the u.s. goes to companies with at least one female factor. >>> nbc, part of the nba all-star steph curry has a special guest at tonight's game. we're going to take you courtside, the warriors are warming up, you can see steph right there, ahead of tonight's game against the denver nuggets. there he is, practicing, guess who curry's vip is tonight, though. she's short, riley morrison from napa, back in november, riley wrote steph a letter asking why his underarmor shoes didn't come in girl sizes. he wrote back to tell her she was right. he teamed up with her to create the curry 6. riley designed the sock liner that features empowering phrases for girls. >> it's been amazing, a really special experience. i never imagined this would happen. i'm really happy i wrote that letter. >> yeah, riley's got game for sure. the shoes and the letter are on display at the steph curry pop-up at 9th and oakland. riley and her family are at the game tonight. >> let's get a check of our forecast, the rain is co

in this i mean as an owner trump would want a man he can trust running this venture it has been an expensive one and the u.s. plans to invest more into it. the budget also would continue democracy assistance for venezuela and includes new flexibility to provide additional funds to support a democratic transition or respond to the crisis there including up to five hundred million dollars in transfer authority to support programs managed by the state department and usaid venezuela has proven to be an important asset for trump for sure but after all it's not the only one tells and golf courses are going to manage themselves so venezuela has to share trump attention it's only natural if the little things escape his gaze like the fact that some of the investment was literally set ablaze by those for whom it was intended they don't take the girl or take gate they've sent hundreds of millions of dollars worth of aid to the border who would take the. ground there was people starve than take the america's good even from a political standpoint even from a dictator standpoint of the scale it was why dose support is no

u.s. the chinese t believe thats new foreign investment law is significant ending three joint venture laws barring forced technology transfers, preventing a state from illegally setting market accs and allowing foreign firms to help set stanemrds. the pro is with many rules in china, they look great on paper but can the be applied evenly and fairly? the best thing one business official coulday to me was at least it's not negative. for "nightlbusiness report," i'm eunice yoon in ewijing. >>>ersey governor is doubling down on raising taxes on .millionair phil murphy will outline a proposal in his second state of th budget address tomorrow. the measure's new waxl hit those with over $1 million. it will bring in $450 million for the state. >>> well, socialism has become a recent buzz word in politics. in a recent poll voters prefer capitalism over socialism yet they also want the government to do more, not less. shhn harwood joins us tonight from gton. good to see you as always, john. so let's starthe with term socialism. what does the nbc wall street journal poll tell us about that? >> what i

u.s. backed kurdish forces and walloped by american air strikes. under the cover of darkness, we venture to the front lines with a kurdish commander. we could see the heavy price isis is paying for holding out. the last bastian of the islamic state tonight is on fire. >> reporter: but the assault has paused repeatedly, to allow trucks to leave, packed with thousands of isis fighters and their families. now, surrendering. we watched as the men were separated, searched and handed over to u.s. special forces to collect intellceanceo join isis. want. coming?>> and there's no plan for what to do with all those who no longer live under isis but want it to rise again. kurdish commanders tell us they're shocked at the number of isis fighters and families they're seeing, but are encouraged so many are surrendering. lester? >> richard engel, thank you. >>> back home with the measles outbreak rising to 206 cases in 11 states, the debate over vaccines came to washington, d.c., today at a teen who got vaccinated against his own mother's wishes took center stage. kristen dahlgren has the story. >> rep

morgan chase, majority ownership of a joint venture, making it the first u.s. receive such a nod from regulators. beijing lifted a 49% ownership cap last year. the banks by 2030, profit from chinese securities alone could reach $3.3 billion. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. alix: opening up the economy. officials concluded a deal in beijing after working line by line. it could be put before the presidents. twitter,uchin on calling trade talks productive. enda, what does line by line mean? sure it is about making there are no discrepancies in the text, the understanding of what they have agreed on. our colleagues have reported the u.s. side has been unsettled by pushback from the chinese side. language agreed to, lost in translation, sent back, crossed out. they are trying to get their ducks in a row to make sure everyone is on the same page in terms of what deal will be presented to the presidents. u.s. was in beijing for the appearance of

u.s. trade representative section 301 report identifies in great detail. for example, china's equity caps and joint venture requirements prevent u.s. companies from controlling their own operations as well as their own intellectual property pen when they invest in china. given chinese come -- giving chinese competitors an unfair advantage and costing american jobs. a high standard force bilateral investment treaty with china can help us address in of these issues for the long-term and i'm hopeful the sub staventive talks under way including in washington last week will produce meaningful commitments from china, to lower trade barriers, achieve structural reforms and achieve a newer rah of fair trade. -- a new era of fair tried. no one country can take on china alone. the three-party talks you're taking on with the european union and japan holds great promise. i'm also encouraged the trump administration is showing leadership in aggressively challenging china when it violates w.t.o. rules including intellectual property licensing policy, subsidies and quotas for key ag components. at the sametime i'm concer

u.s. developed technology but google says its a.i. venturearch. well, tesla is accusing one of its former engineers of sharing top secret auto pilot information with chinese rival, x panninpang motors. eight months ago a former apple employee was charged with bringing confidential information to x-pang. the chairman says his company plays by the rules. tesla is bringing back its customer referral program but it's giving away less free cars this time. musk says the program rewards those who refer the most customers within a given period. a model y founders series is going to be up for grabs every month and a tesla roadster signed by musk each quarter. tesla originally abandoned the referral program because they were giving away too many roadsters and obviously that drove up costs. maria: thank you. a recall alert this morning, major concerns over contamination in baby's cough syrup. possible metal shards in chicken strips, more details on what you need to know. beer wars, miller coors suing bud light over ads mentioning corn syrup, that and a

emily: loup ventures cofounder gene munster. coming up, can the u.s.ernment safeguard the 2020 presidential election from foreign influence, and what is silicon valley's role? we will hear from congressman ro khanna about his plan to make them work together. that is next. bloomberg technology is livestreaming on twitter. check us out at technology, and be sure to follow our breaking global news network tictoc on twitter. this is bloomberg. ♪ welcome back to the best of bloomberg technology, and emily chang. robert mueller's investigation of interference in the 2016 collection is wrapped. clinical fights may continue. there is plenty of work to do the big 2020 presidential vote. when is to be done in a washington post op-ed, writing that really preventing the injection of one propaganda into our due course is impossible. we can ask our tech industry to work quickly detect for an influence efforts to u.s. officials. r patterson joins us on tuesday. >> as bob mueller found, the russians hacked into our emails, the manipulative social media, they want to d

u.s. emily: why? james: people recognize china is becoming one of the largest venture investment markets in return, in, early-stage particularly is attractive. you want to get into the pop funds, you need to deploy that. it is long-term investment that people see. emily: do you see the difficulty for u.s. investors to navigate china and the bureaucracy and regulatory issues to change anytime soon? doesn't seem the chinese back -- government is backing down. james: that is why they look for the top vc managers. in terms of investing top internet companies, actually we see the regulation is getting more relaxed. to some degree there is pressure from the u.s. side, china to open up the market even more. we have seen it is more favorable for the u.s. investors. man atyou worked with a google who said it is basically impossible for google or facebook or many u.s. tech companies, like amazon, to succeed in china, airbnb even. do you agree? james: i do. i started at google in 2003, the first representative for the google china office. of thelook at all companies, they have a mentality of working in the u.s.