the tech investor who coined the term startup unicorn. we are going to speak to cowboy ventures founder and imaging partner -- and managing partner aileen lee about whether we need a new standard for unicorns. they are a little less rare these days. that is next. this is bloomberg. ♪ is bloomberg. when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $300 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. stop in or book an appointment to shop safely with peace of mind at your local xfinity store. >> sukhoi it is very successful but you have no women partners. what do you think your responsibility is there? >> the issue begins in the high schools. and where women, particularly in america but also europe, tend to elect not to s

the tech investor who coined the term startup unicorn. we are going to speak to cowboy ventures founder and managing partner aileen lee about whether we need a new standard for unicorns. they are a little less rare these days. that is next. this is bloomberg. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you maintain comfortable, correct form. that means better results in less time. and there are over 20 exercises to choose from. get gym results at home. no expensive machines, no expensive memberships. go to aerotrainer.com to get yours now. emily: you are very successful, but you have no women partners. what do you think your responsibility is there? >> the issue begins in the high schools. and where women, particularly in america but also europe, tend to elect not to study the sciences when they are 11 and 12. so suddenly the hiring pool is much smalle

. >>> just ahead, a family who recently adopted a dog got the unicorn in addition for free. we will explain how one puppies crush on a toy helped him find a new home. allergies don't have to be scary. spraying flonase daily stops your body from overreacting to allergens all season long. psst psst you're good losing a tooth didn't stop you but your partial can act like a bacteria magnet, putting natural teeth at risk. new polident propartial helps purify your partial and strengthens and protects natural teeth. so, are you gonna lose another tooth? not on my watch! majestic mountains... scenic coastal highways... fertile farmlands... there's lots to love about california. so put off those chores and use less energy from 4 to 9 pm when less clean energy is available. because that's power down time. >>> don't forget you can watch all of our newscasts live and on-demand area connected tv app. it's available for apple, android, amazon fire and roku. download the app now and start streaming. >>> coming up tonight on abc 7 news at 11:00 an asian american official raises this to show

the store called animal services and the officer bought him the stock unicorn. now he and his purple pal have found a brand-new home. i'm glad everyone is together. now under one roof. >>> that's all the time we have. i'm dion lim. for all of us here, thank you for joining us. we will see you >>> tonight, breaking news -- the new tornado threat as we come on the air. more than 50 million americans in the danger zone. violent lightning and large hail already hitting parts of tennessee. severe weather expected from texas to north carolina. several states bracing for what could be a dangerous night ahead. tornado watches now in effect as residents in georgia clean up from that devastating ef-4 twister. rob marciano standing by. >>> cases on the rise. the warnings tonight of another possible surge. at least 22 states seeing an increase in infections, and hospitalizations up in more than a dozen states. those highly contagious variants spreading rapidly across the u.s. one health expert saying it's "an arms race between variants and vaccines," as the country hits a s

tonight on cbs, "bob hearts abishola," "the unicorn" and two "48 hours." this is a presentation of cbs sports. the mountain west champions in the tournament, san diego state. . we were coming off a great year, and when the pandemic hit, it just stopped. we really had to think creatively. teams allowed us to do what we call virtual visits. hey, is that tk? hi, how are you? we're able to see two or three-fold the amount of customers from all over the world. without teams there's no way this would have been possible. i really think it's going to set a standard for retail moving forward. yeah, i mean the thing is, people like geico because it's just easy. bundling for example. you've got car insurance here. and home insurance here. why not... schuuuuzp.. put them together. save even more. some things are just better together, aren't they? like tea and crumpets. but you wouldn't bundle just anything. like, say... a porcupine in a balloon factory. no. that'd be a mess. i mean for starters, porcupines are famously no good in a team setting. geico. save even more

and we will be able to have unicorns. india is very interesting.he world's largest hub of technology startup ecosystem. we have taken several initiatives to do that. rishaad: credit suisse is saying you could have three times the amount of unicorns you actually do right now. what is behind that thinking? do you agree with that level of analysis? >> if you look at the readings, bears and lockdown -- because in lockdown, we had very strong and we have worked with india's government. they are the people who are following the ip. momentum with technologies in india. we are living the implementation . in order to, india has $9.2 billion. we are a global i.t. center. we want to be vibrant. we want to take the software products in india to about 90 $200 million by 2025. haslinda: the fintech startups, you have something like 3000 fintech startups in the country. what growth opportunities do you see there? >> the fintech ecosystem is very vibrant. if you look at the software technologies, the technology is selling and this is all part of the forecast we ar

on the adoption papers says sit, play and heel and loves unicorns from dollar general. people ask is victor going to get a dog, this is precisely when he did not do so. >> because i would have a thieving dog going around stealing unicorns. >> no, because you're going to be in an apartment and go down the stairs orr elevator. >> well i could find someone to come and walk the dog. >> you could. make it happen. thank you so much for starting your morning with us. >> "inside politics" on sunday with abby phillip is next. i've lost count of how many asthma attacks i've had. i've been on and off oral steroids to manage my asthma. does that sound normal to you? it's time for a nunormal with nucala. my nunormal: fewer asthma attacks. my nunormal: less oral steroids. nucala is a once-monthly add-on injection for severe eosinophilic asthma. it targets and reduces eosinophils, a key cause of severe asthma. nucala is proven to help prevent severe asthma attacks, and reduce the need for oral steroids. nucala is not for sudden breathing problems. allergic reactions can occur. get hel

the are going to talk global expansion with australian payment unicorn air wallet which has raised $500nd we will find out what is ahead for virtual banking in hong kong with z eight as the company marks -- za bank, as the company marks one year. this is bloomberg. ♪ ♪ shery: a container ship is blocking one of the world's busiest waterways in the swiss canal, causing a pileup of ships seeking to transit between the red sea and the mediterranean. they are currently attempting to clear the vessel. let's cross over to anna. first of all, how significant is the suez canal for the global commodities trade and what exact happened? >> the canal is one of the busiest waterways and there's a lot of traffic that goes through it as well. at the moment, what we are hearing is that the massive container ship, possibly one of the biggest container ships in operation at the moment, is -- it ran aground in the suez canal and trapping 70 vessels or so. we don't know exactly how they are going to move as yet. it sounds like they are using tugboats at the moment but it's been stuck there for quite a whil

only about 12 to 15 companies per year achieve a unicorn status on a series b investment round.ve a super ceo. emily: let's talk about stocks then, john. i can't wait to hear your take on what is going on in the public markets. are we seeing what you believe is the beginning of a longer-term correction in tech? or, is it just a blip in tech markets are going to keep coming up before the end of the year? john: it is important to know, some of the things you ask me i am an expert on but the stock markets, i have seen five major economic changes, upturns and downturns. your last year in february, i got caught a pessimist for the first time in my life on one of your peer networks when i said we are headed for a real problem , and this is beyond an issue with the pandemic. of course, it turned out to be pretty accurate. i said it would last three to five quarters. that looks like what it is going to be. most likely scenario i hear from top banks and investment players in industry and my vc counterparts is the second half of this year will be stronger economically, probably well in ex

dollar general is sending some extra purple unicorns to make his homecoming perfect.es that, got a boost today. getting loved on by a dog. >> looks like he is smiling in the pictures. thank you so much for that. >>> still to come, a vaccine. get one of those, and get a donut for free. why krispy kreme's latest you know they're out there: morning, noon and night, eye allergens are on the attack, and the itch can stay with you 24-hours a day. get pataday once daily relief extra strength. the first and only 24-hour eye allergy itch relief drop now without a prescription. a single drop of pataday once daily relief extra strength works on the cells that make your eyes itch...fast. in minutes you get relief that lasts 24 hours. that's a full day and night in one drop. make it a pataday with the drop that's right for you. available everywhere it's very common to have both sensitivity and gum issues. dentists and hygienists will want to recommend sensodyne sensitivity and gum. you get the sensitivity relief as well as improved gum health all in one. up at 2:00am again? tonigh

we reported -- produce the china unicorn report. we are also starting to report on indian unicorns.ts are looking at what that mean and their ability to invest in private markets. sophie: we spoke to aaron wallace yesterday during yet another funding round. will this perhaps be more of an impetus versus the public share market? >> we will be focused on the market in general. there is a huge amount of opportunity, particularly in the a share market. it is still under 10%. look at the lack of research coverage on asia. i sent yesterday with a very dominant ceo of a hedge in hong kong. he still retains the asian market is one of the most on export, which is why we are out there building onto our research. our ceo said we are going to be tripling our headcount in onshore china in the next three years. part of that would be so that we can produce great research and provide international investors of coverage of the asian markets. sophie: talking about the shares spread and also noted mutual bond issuance in the mainland, that is just continuing to increase, so when it comes to change in

and later the first ever joint company to be labelled a unicorn. going to begin with kupong set to go public the valuation is rich, up 6x from a couple years ago. whether we're talking about roblox stock or this, the question for me is how far in the future do investors have to look to justify these valuations >> it's a very question and, jon, we've been wondering if that meme stock trade was peteering out. i think with the last few days between everything you've just highlighted roblox's ipo, beeple's sale is that it's still very much here how far do you have to look? i'm not sure pricing above its range, roblox debuting above its ipo price and the parade the last few months, some of the most anticipated names have delivered in terms of their valuations far above expectations and they're new bets on ways of living or working or holding art or music in the case of nfts. to jon's question, carl, how far ahead do you have to look? i don't think anyone knows and that's why we're seeing this sentiment in the markets whether they're ipos or direct listi

i will put on the unicorn hat and say i don't know, this is what you get when you buy the book.k you. good evening and welcome to washington i am bret baier and president biden's homeland security chief said many lawmakers and the border patrol officers are turning a crisis at the border and actually a situation under control. secretary alejandro mayorkas defending the policy with teens and children to remain in the country. also tonight the biden administration is asking for thousands of national guard troops to stay on the border. we have fox team coverage and kris

. >>> and now health insurance unicorn oscar health set to be public raising more than $1 billion inions now between $35 and $37 a share. we'll see where it opens it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? delegating? oh, good one. move your xfinity services without breaking a sweat. now that's simple, easy, awesome. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. >>> citi naming microsoft a top pick saying the company is well positioned the next two to three years to take enterprise customers moving to the cloud. the analyst behind that call joins us now tyler, welcome so in this list of top picks, i see a lot of up-and-comers, mongo db, elastic, viva, some dev-ops. microsoft, that's already pretty big. of all the big names you could have picked, why this one? >> well, it is and thanks so much for having me on the show. i think for microsoft we see the

>> they had this unicorn they loved to play with. so anyway.that note, thank you so much for watching. we will investigate that dog story and we will be back here at 11:00. >> until then, the news continues on kpix.com. i appreciate you watching. it is a beautiful night out there. have a good one. see you in a bit. watch cbs in bay area with the kpix 5 news app. by the international fellowship of christians and jews. jews have faced persecution after persecution for centuries. tragically today, elderly jews in the former soviet union still face antisemitism and abject poverty. god calls us to defend the oppressed. as christians, we must not stand idly by watching history repeat itself. it was right here where a very dark chapter in jewish history was written.

also zebras, right you've got the nickname african unicorn because they're hard to find beautiful creatureof hybrid. >> >>> right now at 4:30, coming up short. santa clara county may have to cancel vaccine appointments starting today because there's not enough shots to come around. after news sutter health care is also scraping thousands of appointments. coming up, what vaccine sites could be impacted. we'll tell you all about it as "today in the bay" starts right now. good friday morning to you. thanks for joining us. i'm laura garcia. >> even and i'm marcus washingt. you said it right, friday morning and a special day indeed

"i want to talk about unicorn [ bleep ]! i can't follow a word you're saying are you trying to sound like boomhauer because that interview would actually make more sense >> are you celebrating the greatest progressive bill in the history of our country [ mumbling ] >> seth: but i have to say some of the most galling behavior came from republicans who actually tried to take credit for elements of the bill while also voting against it >> republican senator roger wicker of mississippi tweeted today after the bill passed the house, he tweeted, "independent restaurant operators have won $28.6 billion worth of targeted relief this funding will ensure small businesses can survive the pandemic by helping to adapt their operations and keep their employees on the payroll." sounds like he's all for it. >> it does >> and was part of passing it. he actually voted against the bill, as did everybody single republican in the congress >> seth: you voted against it. if you'd gotten your way, restaurants wouldn't have gotten a dime of that mon

she is a bit of a unicorn, in that she's lived in this building since 1989, teaches down the street and just had her second generation student. >> i have been a my job since 91 so the first year i was there i had a kid and his was in my class two years ago. >> reporter: when her mentor decided to sell her building a few years ago, she thought she was going to be evicted. >> i was a wreck. >> reporter: instead, a nonprofit stepped in and bought it with help from this these small sites program. if the city were to own it instead of the nonprofit, that would be an example of social housing. >> something has to be done for, not just for teachers, for all workers, who are low income people. >> reporter: many have a bad association of what used to be called the projects. the original form of social housing in the united states. public housing failed because it was largely defunded and extremely segregated. >> a lot of it was warehousing, we are housing committees the color. they have been sabotaged to be set up to fail. and enough money to make it work. >> you mentioned they started to find i

or ftradnal geer role so imagin wants a shirt with a unicorn on it or your daughter wants one from hearstorite soccer team, why not have them all in a common section question mark some parents embraced it, some found it odd or repellent. >> i am the parent of a trance child. >> reporter: julia burnett thinks having a common section is a great idea. >> i'm still in favor of combining things and then people can choose. >> reporter: assemblyman evan low introduced a bill that would require stores to display clothes and toys in one undivided area. whether or not they have been marketed either for girls or boys. stores that did not comply would face fines up to $1000. >> rather than having a separate boys or girls section, let's just have a kid section. that is what the conversation is about. let's ensure that we remove the type of stigma, the type of bullying that we see, especially in today's day and age. >> reporter: not every parent liked the idea. some questioned the necessity or the usefulness. >> you have the opportunity to walk to wherever you wafemale d that you cannot walk to a male

celebrate more than steph curry's 33rd birthday, his family designed shoes that he wore today featuring unicornslies. the waters with good defensive intensity the entire game. kelly who great tips the ball away creates a fast break for the warriors that it's andrew wiggins to curry back the wiggins. nice shooting day for wiggins you put in 28. point warriors played from my head most of the first half final seconds of the half the jazz forget about draymond green green had his 26 career triple double 11 points. 12 rebounds, 12 assists and more good d in the second half is james wiseman blocks down oven. mitchell that gets the warriors off and running. who? breda wiseman wiseman off the bench for 16. one of five warriors in double figures. jazz trying to stay close down the stretch down eight here, curry smokes and pass across court to wiggins, who buries the three the words lead back up to 11. they win 1 31 1 19 curries. little guy kanan knows what to do when the cameras are on him on dad's birthday, scavenger hunt. well sunday on one of the most interesting courses on the golf tour can be nerve

political change but as we've seen that has about as much impact is praying to lap or cons that a unicorn will deliver the tooth fairy to you so you can get santa's phone number from her sent to us and have a phone. our 2 party system that is actually one corporate party has the political machine on lock but we must demand the partial steps toward a different future things like health care for all housing for all reducing waste green energy and being the prison state universal basic income and universal basic cookie dough ice cream why 7 you can't blame me for trying that long list but it could slip in any way these half steps help people survive longer in a more satisfactory way which is good because people who are barely surviving aren't ever going to focus on changing the entire system because they're focused on where their next meal will come from nobody begging for a dollar to get a hot dog has ever said and now let's sit down and talk about the socio economic system so things like universal basic income which include part terms looks like this allow people to have the space and secu

oh yeah well if you look in the dictionary under charlatan barry is the tally when is that all the unicorn t. shirt all right nick thanks for coming on the kaiser report as always we got to come down there and visit you in argentina soon i hope thanks again for being on the show they thanks max we'd love to have you all right well that's going to do it for this episode of the kaiser report with me max keiser and stacy herbert like to thank our guest nick jam but oh no you have to say it like that but it sounds better and so next time. the oldest woman died. no jerry thinks. we dare to ask. about the stand in here from us and. move along with a small. amount of good that i know are rather tricky for there are rather tough it out before for any kidnapped. i'm going to let him but i don't catch him in there and keep an. eye and flew to china for a trial fall down there and. living. below the world and i was going on a show little subtle. and mild. members of the hey how not doing . this whole fool. the i knew you didn't pay off the term interior has said. he she ought to have a. model for the

political change but as we've seen that has about as much impact as praying to lap or cons that a unicorn will deliver the tooth fairy to you so you can get santa phone number from her sent to us and have a phone. our 2 party system that is actually one corporate party has the political machine on lock but we must demand the partial steps toward a different future things like health care for all housing for all.

interesting to see how a company follows the economy, a unicorn here can manage and that u.k.t other ipo news. we just heard that geely is reviving its ipo plan. china's geely holding group is considered reviving ipo's. they are considering whether to sell shares of cards soon as this year. potential listing venues include stockholm and amsterdam. automakers around the world are searching for ways to fund the enormous investing that needs to take place in electric vehicles. we will keep an eye on that one. back to big picture. laura cooper, macro strategist is with us. good morning. interesting to see that u.s. equity session, futures pretty unmoved from where they were an hour or so, nasdaq futures are higher, slightly flat on equities in europe. i wonder where this leaves us. we are expecting big announcement on infrastructure later in the u.s., i wonder if that will happen. laura: that may be the key focus, that biden builds bigger better infrastructure. markets, i think, are in a wait and see. . -- wait and see period. we had the dollar, yes it was under a big hike earlier

yeah well if you look in the dictionary under charlatan there he is metallic when is that all the unicorn t. shirt all right nick thanks for coming on the kaiser report as always we got to come down there and visit you in argentina soon i hope thanks again for being on the show. thanks max we'd love to have you all right well that's going to do it for this episode of the kaiser at par with may max keiser and stacy herbert like to thank our guest nick jam but oh no you have to say it like that but it sounds better until next time. leg. length. one of the worst ever mass shootings in america was in last vegas in 2017 the tragedy explodes a little of the real last vegas where many say elected officials are controlled by casino owners the vegas shooting reveal where the l.g.m. p.d. really is and now it's partly because finishing 1st in the american public barely remembers that happened but just shows you the power of money and lost. the powerful showed that true colors when the pandemic hit the most contagious contagion that we've seen in decades and then you have a mayor who doesn't care so

oh yeah well if you look in the dictionary under charlatan barry is the tally when is that all the unicorn t. shirt all right nick thanks for coming on the kaiser report as always we got to come down there and visit you in argentina soon i hope thanks again for being on the show they thanks max we'd love to have you all right well that's going to do it for this episode of the kaiser apart with may max keiser and stacy herbert like to thank our guest nick jam but oh no you have to say it like that but it sounds better until next time. to. the. debate is is it fair for transforming our plates to compete in women's categories and sports. as a society we have decided to categorize sports based on sex i definitely need to do not think that it's fair for athletes that when porn is pile logical males to compete in the women's category on the run. why do we have gender or do you have gender categories in sports because we do treat men and women differently to. every single beat athletes while we all have biological advantages over each other . borrow she means a lot to me and i think friends are t

he described this project as a following, "the trains can be pulled by an accessible herd of unicornsuard and puff the magic dragon the inspected. let's concentrate on making the protocol work and put the hallucinogenics down." the television licence fee will remain at least until 2027. that was the response of the government to a debate held by the petitions committee which saw mps divided over the the future of the fee and the bbc. they were considering an e petition, signed by more than 110 thousand people, calling for the licence fee to be axed. from the 1st of april this year, the british taxpayer will be forking at £159 a year for the bbc content. what are they paying for equipment content produced —— what are they paying for? content produced by individuals pushing up out of touch views onto cities and towns such as stoke—on—trent while the bbc continues to cave to the wokery on the left by censoring and removing some of its most successful shows. they pride themselves on being a public service broadcaster, yet i find it difficult to understand how they have actually serve the

described this project as the following — "the trains could be pulled by an inexhaustible herd of unicorns could be the senior guard and puff the magic dragon the inspector." let's concentrate on making the protocol work and put the hallucinogenics down. david cameron has argued that planning for a pandemic was helped by the experience of ebola and his decision to set up a us—style national security council. the former prime minister was answering questions in parliament for the first time since his resignation in 2016. peers and mps are holding an inquiry into how the uk's national security is run. he said the council was a place where senior ministers were able to discuss the big risks facing the uk. by the very virtue of the fact of having a national security council, we did have proper discussions on what were the biggest risks facing the country and the risk assessment. and we did make, for instance, pandemics a tier1 risk, which was important because that means it gets more government attention. as well as that, we set up the subcommittee on threats, hazards and risks, which were spe

oh yeah well if you look in the dictionary under charlatan barry is the tally when is that all the unicorn t. shirt all right nick thanks for coming on the kaiser report as always we got to come down there and visit you in argentina soon i hope thanks again for being on the show they thanks max we'd love to have you all right well that's going to do it for this episode of the kaiser apart with me max kaiser and stacy herbert like to thank our guest nick jam but oh no you have to say it like that but it sounds better and so next time. as you read the stand. over what i saw. i know that i'm in a lot of trouble and there are rather you know stuff about the for north america that. i'm going to let compared to when i'm such a man you can keep an. eye and flew to china for a truffle not that i'm. living. below the line on the show that a lot of. the hey. it's whole food place choice i knew you didn't pay i think to i mean to me this is. a zipper. on my little farther then after that it will fuck around with mr hate to jim and then lawyer i hope that our friend in your court. of. the u.s. departm

oh yeah well if you look at the dictionary under charlatan barry is metallic when it's not all the unicorn t. shirt all right nick thanks for coming on the kaiser report as always we got to come down there and visit you in argentina soon i hope thanks again for being on the show they thanks max we'd love to have you all right well that's going to do it for this episode of the kaiser report with me max keiser and stacy herbert like to thank our guest nick jam but oh no you have to say it like that but it sounds better until next time. is your media a reflection of reality. in the world transport. what will make you feel safe from. the isolation of whole community. are you going the right way or are you being led to some. direction. what is true what is right. in the world corrupted you need to descend. to join us in the depths. aura maybe in the shallowness. l. look forward to talking to you all that technology should work for people. i robot must obey the orders given by human beings except where such orders would conflict with the 1st law should your identification for should be very care

oh yeah well if you look in the dictionary under charlatan barry is the tally when is that all the unicorn t. shirts are right nick thanks for coming on the kaiser report as always we got to come down there and visit you in argentina soon i hope thanks again for being on the show. thanks max we'd love to have you all right well that's going to do it for this episode of the kaiser report with me max keiser and stacy herbert like to thank our guest nick jam but oh no you have to say it like that but it sounds better until next time by a. professor on the stand who has the most of. whom one has. to put on a. trevor there are rather rough weather on the floor for medicare that. i'm going to let compared to my next question then you can keep an eye on what i have to lose each other for a trifle that it. won't work now molly hi michelle the downside of. the hey how do you want to do it. because it's whole food place choice for you i knew where you're from and pay out some time in theory has said. for you she ought to have a. model for that in africa will fuck around with mr hates it for jim and

it is considered a unicorn, and it is now the second largest unicorn behind elon musk's spacex.be led by goldman sachs. how about that? >>> next, today is read across america day, a day used to celebrate dr. suess' birthday, but this year it has been canceled, dr. suess has been canceled, put it like that. president biden did not make any mention of dr. suess during his read across america proclamation. six dr. suess books will stop being published because they quote, portray people in ways that hurtful and wrong. adam gillette is with us now. nobody is safe from the cancel culture, what anybody said in previous years you're out, nobody is safe, right? >> well that is exactly right. particularly because zeus was a known liberal. he wrote books against industrialization. now he is somehow considered to be a white supremacist. all along i thought "the cat in the hat" was a mixed race cat. i thought at the were dealing with fictitious characters. it is clear these progressives want to tear apart anything americans love. stuart: is it all about race, that it? it all comes down to ra

used as a sort of 20 to 30 year appreciation in but mean market value from a lot of these kind of unicorn companies that went on to say it's again a valuation in excess of a trillion dollars i think the thing with bitcoin is similar to what i speak as i've said already you know the 1st thing i would say is i don't believe in decline maximalist i'm big quick maximalist i mean the idea that one day we will become a crowd out all fit currency and it's only when you actually agree with that type of argument that you can see you know even exponential gains from the current all time price high that we're in at the moment but equally i don't necessarily see bitcoin disappearing you know i think there will always be an appeal for an acceptable currency type equivalent that banks the banks that allows people to move money without the need for financial intermediaries on their own banks i think the key thing there at the moment is that if you look at say something like that coin its capacity is very limited a lot of people use that argument against it for instance between typically processes about

tencent has put over 23 billion into more than 800 companies, 160 of which have reached unicorn statusions over one billion u.s. dollars. and some have themselves listed and now command multibillion-dollar valuations. together tencent backed companies are currently worth a combined $850 billion. but with chinese authorities stepping up scrutiny on the internet sector and cracking down on monopolies, it is not clear if the company will still have the same freedom to expand. what does tencent's future look like? the company could find itself at another crossroads. analysts are overwhelmingly bullish on the company's future. annmarie: tencent do to report its 2020 result after markets close in hong kong. we want to talk about intel, which is planning to spend $20 billion on new factories in a bid for supremacy in the chipmaking equipment business. the tech giant aims to create a foundry business that will make chips for other companies. the move puts intel into competition with taiwan's tsmc. shares surging off this news. bloomberg's equity editor joins us now. why is intel spending this

on one level that there is such a unicorn nature to it. i can't believe how you guys get along eventhough it does not seem like you guys agree with everything. >> that's a rarity. >> i am faking it. wait until i follow you on the radio, i got a surprise for you. you are going to get it so i will be able to rebut everything you do. >> i always told you, i fear no competition especially one you are vinvolved. >> i am having fun. you will have enough jobs. >> thank you, sir. have a great night. >> d-lemon, i love you. i got great feedback because the book is the right message at the right time. if only you have a copy to show. >> i don't have it with me. >> what? >> be well, i am always a call away. >> i love you, have a great week off. i will see you soon. this is "cnn tonight," i am don lemon. if you are watching, come on, say it with me. gather yourselves. it is the end of the week and you got to get ready for another one, right? there is still a lot to talk about because we are in a precarious time right now, moving forward to a perfect u

the leaders of 35 european unicorns and start—ups, including cabify and blablacar, think they have party and theyre calling for a $118 billion european sovereign tech fund to kick—start the creation of start—ups in green technology and science. so what could such a policy look like — let's speak to someone who is going virtually to the meeting — facilitylive founder gianpiero lotito. welcome to the programme. $118 billion. that's a lot of money to ask for at this time, isn't it? , , , ., it? yes, but the fund is not only public— it? yes, but the fund is not only public money - it? yes, but the fund is not only public money but - it? yes, but the fund is not only public money but the l it? yes, but the fund is not. only public money but the idea is to add public and private money together, to give to the european companies that need it. on the fast start—up that we normally use, it is important to close the gap the other block s, the us, the paris flat. in five to ten years with this fund and initiatives that the eu and the commissioner won't drive, it is possible to begin or to close th

according to one estimate, tencent has put over $23 billion into companies, 160 of which have reached unicorne like kuaishou and neo now commands multibillion-dollar valuations. tencent-backed companies are worth a combined $850 billion. but, with chinese authorities cracking down on monopolies, it is not clear if the company will have the same freedom to expand. what does tencent's future look like? they could find themselves at another major crossroad. analysts are overwhelmingly bullish on the company's future. emily: bloomberg's david ingles from hong kong. that does it for this edition fn "bloomberg technology." tomorrow we will cover the big tech hearings in washington. this is bloomberg. ♪ ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started

shows they are still looked on the money out there especially trying to chase these unicorns.art: a bunch of money out there indeed. trillions, i do declare. let's bring in kenny polcari. what is with the nasdaq, kenny? i mean, up one day, down the next, back up again. is it all about the yield on the 10 year treasury? >> i think it's couple of things, it's about the yield. i think it's about overall nervousness in the market that we are a bit ahead of ourselves and it is adding that inflation story because as much as they tell us yields are going up and inflation won't rear its ugly head, i don't think investors completely believe that. they are on the edge. they want to believe it and many have days like yesterday where they take tech names higher in the minute there's this much of a concern or that yields go up to 1.6% suddenly they get nervous and take money out of the nasdaq. the nasdaq has had four or 5% movement in three days so certainly just taking money out of it on that concern. overall, i don't think the volatility is done by any stretch because i still think infla

it's not a unicorn move that we see from stories of maximum increases and turkey was one of those. a very specific, unusual case. it's not necessarily indicative of the way everyone else is going. it's a vulnerable story but there is a lesson there for sure. jonathan: finishing up on turkey, what we've seen in the past is the turkish leader say things about what he leads -- what he things leads to higher inflation and then he has been overwhelmed and the bank governor did what he needed to do. the governor has to respond to market conditions. is this a massive shift in the thinking of the central bank and what they believe leads to higher inflation and leads to lower inflation? >> i don't that thinking has changed at all. it's more of a flip lop in terms of the approach to controlling the lira and getting a hold on inflation. erdogan probably lost his patience with the former governor. what will likely happen is that the new governor will cut rates at some stage in the not-too-distant future and we will see the lira continue to weaken in that environment. as our economist put it ye