emily: waymo ceo speaking with brad stone.x is still reeling from a -- equifax is still reeling from a massive data breach. what are they doing to stop the bleeding? all episodes of bloomberg tech are live streaming on twitter. this is bloomberg. ♪ ♪ emily: welcome back to "best of bloomberg technology." i'm emily chang. the massive equifax data breach could be the largest in history. the hack may have hit 143 million customers. and a class action lawsuit is demanding up to $70 billion in damages. company carries an insurance policy for this, reportedly it covers $100 million to $159 million. we spoke to the chief information security officer at fortune net about the hack. >> i think what it means is the company is trying to figure out what happened, the extent of the breach and what they need to do to the -- to address the victims to include probably cooperating with local law enforcement to get to the bottom of it. emily: in europe there are laws against not reporting things like this faster. i believe you are required to re

waymo will get access to a key piece of evidence.t that aims to scrub anthony from any proprietary information and examining the forisition of his company $680 million. cory johnson spoke with eric newcomer who covers all things google. and influential engineered google, waymo, leaves, starts the self driving company called auto. >> all of a sudden, self driving trucks? what is that about? there is a whole message around monetize well-being sooner. uber buys them a year after he left. >> they buy the auto trucking company? >> a small team. >> they are not pursuing that at all. they just want to go back to automated. >> uber's focus is self driving cars and they put him in charge of their self driving car effort. waymo digs around to see if any of their trade secrets have gone with him. that is the basis. >> uber wants arbitration because why? >> they don't want it in public. there are embarrassing details that, out. the arbitration claims says it looks like a stretch and they lost. they were basically saying, waymo should be bound by

finally, a judge has said, you need to hand that over to waymo.t will be interesting to see what that cyber forensics firm said, because we haven't been able to turn up these 14,000 files. that was the explosive claim at the beginning of the suit that there were all these files that uber had, and so far waymo hasn't been able to say there they are on uber's computers. cory: did they make it from google waymo to the next employer? eric: right. cory: uber must -- might know it now. eric: uber's argument seems to be we did our best to wall it off. even if this firm has it, which we don't know yet, that was part of our effort to keep it out of uber's hands. cory: what does it mean for the struggles of uber's board right now? hey, this is the former ceo, let's stick this problem on him, or are they going to have to own this? eric: self driving is important to uber. i think it's a key case. it's hard to imagine. anything is possible, honestly. and i don't think it's clear right now. cory: it's a peculiar business model for an asset-light company to purs

emily: waymo ceo speaking with brad stone.x is still reeling from a x is still equifa reeling from a massive data breach. what are they doing to stop the bleeding? all episodes of bloomberg tech are live streaming on twitter. this is bloomberg. ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. ♪ emily: welcome back to "best of bloomberg technology." i'm emily chang. the massive equifax data breach could be the largest in history. the hack may have hit 143 million customers. and a class action lawsuit is demanding up to $70 billion in damages. company carries an insurance policy for this, reportedly it covers $100 million to $159 million. we spoke to the chief information security officer at fortune net about the hack. i

coming up, waymo gets the green light.t will proceed to trial over claims that uber stole trade secrets. a bloomberg and exclusive. special counsel robert mueller's investigation into russian collusion has social media firmly under the microscope. why prosecutors are zeroing in on hackers. another bloomberg exclusive. a transition from unicorn to publicly traded company to stock market dog. the meal company's strategy for fending off growing competition. a u.s. appeals court has cleared the way for waymo's lawsuit against uber to proceed to trial in october. they claim uber stole secrets for self driving cars. a judge declined uber's request to send the case arbitration. claimedlevandowski is to have taken thousands of proprietary files from waymo to uber. joining me right now is eric newcomer, who covers all things uber for us. i want to backtrack a little bit. worked -- this guy was highly sought after, an engineer, working with waymo, a google thing. eric: anthony levandowski, a super influential engineer, leaves, start

prior terry files from waymo to uber.udge also ruled that waymo will get access to a key piece of evidence, a report that aims to scrub him of any of google's proprietary information, and examining uber's acquisition of his company for $680 million in stock. cory johnson spoke with him about all things uber. >> a very influential engineer at google, he starts this self driving trucking company -- >> all these self driving trucks, what's that all about? >> there's a whole message about monetize a bowl sooner, but then uber buys them less than a year after he left google to become the central -- >> the auto trucking company. but they are not pursuing it at all, they just want to go back -- >> over's focus -- uber's focus is self driving cars, and they want to put that at the front of the effort. to see if theynd know any of their trade secrets have gone with him. that is the basis of this. >> uber once arbitration because why? >> because they don't want to do in public. there are lots of embarrassing details that could come

you're going to see us building custom technology for waymo.ing on between, say, mobileye and tesla which is really a vendor/supplier kind of relationship there. >> i do wonder -- brian, thank you again for joining us it's kelly now. >> hi, kelly. >> i wonder seeing google's ambitions in the chip business already, why can't they ultimately bring this technology to bear? why do they need you guys long term >> well, i mean, for one thing, fabs are hard. this leading-edge technology, i mean, autonomous cars, and a.i. in general, it is one of the great examples of using moore's law, more than anything else and so if you're building a technology for the long haul and you know it's going to benefit and really grow by moore's law, what do you do other than partner with the company that leads and really drives moore's law? and so, you know, i think that's why they're coming they're bringing their own intellectual property, bringing the compute and models of artificial intelligence for this they're going to work together with our zion but also our conne

. >>> intel ceo, intel is going to be providing chips to power waymo's level four and five autonomousicles. i caught up with him at tech crunch disrupt yesterday and asked about how this collaboration signals a new approach for intel, very different from the pc days when intel just developed the most powerful chip and said here it goes take a listen. >> these applications, whether it's artificial intelligence, autonomous driving, you have to not -- you can't just provide them the complete solution and rides with a generic software like windows or android. there's a lot of integration between the car, the driving experience, the safety, the functional safety. you have to have a much more open platform, and that's really both with mobile eye on autonomous driving, the waymo partnership is a great example, but we're doing that in the data center around artificial intelligence, as well. >> i also asked him about intel's complicated relationship with alphabet and google on the one hand collaborating with waymo on the other hand waymo is developing intelligence chips reducing its need for d

. >>> a battle between uber and "waymo" is going to trial. an appeals court moved the request to move it to arbitration. "waymo" a google spinoff accusing uber of stealing secrets related to its design for self-driving cars. it claims a former "waymo" employee downloaded confidential documents and gave them to uber when he began working for that company. the court also said uber must turn over a key report in the case. the case goes to trial next month. >>> eight deaths are linked to a hollywood, florida nursing home which lost power during hurricane irma. yesterday, emergency responders carried surviving patients out on stretchers and wheelchairs. irma knocked out power including the air-conditioning at the rehabilitation center at hollywood hills on sunday. authorities say the patients had been suffering inside the sweltering building ever since. >> the air-conditioning in this building was not working and they were using portable ac units which were insignificant to reduce the reduction of heat in the facility. >> the patient who is died a

htc will still make its own smartphones >>> uber says google's "waymo" is $2.6 billion for one allegedsuit includes a former google executive of stealing self-driving trade secrets while he worked at "waymo." the trial against next month. >>> you can book a restaurant reservation on airbnb. they are g rtp pato offer the new service. users can book reservations at almost 650 restaurants in 16 u.s. cities including san francisco and los angeles. >>> what does kyle shanahan eat the night before a game? i'm dennis o'donnell. derek carr probably got soup with his denim jacket. looks good on you, though. the question is, why was he wearing it? straight ahead. minnesota twins... was injured by a >>> two streaks for the a's. mengden extended 16 innings for winnings and olson's streak of home runs ended yesterday in detroit. he will start a new one tomorrow at home. semien pick up the slack. a's win. they won 11 of the last 14. >>> nfl, derek carr doesn't do ma. but his latest is a gold mine. have a listen. ♪[ music ] ny clsmercia >> it's a credit union in fresno. nothing from the video is kept

the battle between uber and waymo wp waymo is asking for more time to sift through evidence. after uber was ordered to turn over thousands of documents that could be important to the case. waymo lawyer are hoping to find evidence in the documents that prove uber stole trade secrets. the documents are part of a report that uber put together before buying its own self-driving vehicle start-up. the trial scheduled to begin october 10th. >>> if you don't want to wait in line at the dmv there is a new invention that may make it so you don't have to. the 14 self-serve keesks scattered across the bay area. you can go to safeway and renew registration, or online takes five business days but with this you can get the hard copy on the spot. >>> stock based salvation army store catches fire. the reason investigators call it suspicious. everyone is okay after a school bus crash this morning. it happened around 8 am in morgan hill - along >>> well thankfully everyone is okay after a school bus crash this morning. happened around 8:00 in the morning in morgan hill along butterfield. the bu

with the approval, it joins other groups already on the list including apple, uber, and waymo. apple has sent out invitations or its next big event set for the 12th of september. the tech giant hasn't disclosed information but it is expected that they will unveil three new phones. it will be held at the steve jobs theater at the new headquarters in california. >> we are going to end with a new ban on a household official. >> vacuum cleaners, a band that sucks. back in cleaners using more than 900 watts of electricity can no longer be sold or manufactured in member states. that doesn't mean that consumers will have to throw away their noisy machines. retailers can continue to sell until they sell out. higher power doesn't mean better section and lower wattage appliances can clean justice well. pro-rexit are's says -- brexiters say it's an example of the eu's interference in people's daily life. >> we are going to start up in france and it says we did the one very big story. we are still getting reaction to this as yesterday president macron unveiled his controversial labor refor

. >>> "waymo" is partnering with intel in the self-driving space.he two companies just announced their partnership in a blog post penned by intel's ceo. a different post from "waymo" revealed that it has been using intel technology in its self- driving cars since 2009. >>> today apple's ios 11 updates will launch without the payments feature letting you pay anyone in your contacts list on any apple device. apple says the payments and a new map feature will be launching at a later date. >>> coming up, the injury bug has hit the 49ers defense and now they won't have one of their key veterans on the field for the thursday night game. and after an impressive home opener, the raiders look to move to 3-0 on the season. we'll be right back. >> but first what's cool about your school? email your nomination to us at coolschools@k pix.com, and we may feature your school on the thursday morning show. >>> the silver and black swagger is back. mr. personality,otherwise known as marshawn lynch, held his own personal party on the sidelines in the home opener. lync

now suing the company for allegedly stealing trade secrets from google's self- driving car company "waymo." >>> now a look at the big board here. you can see the dow is up about56 points. >>> tom brady is chasing his sixth super bowl ring this season. he spent time with norah o'donnell and he said at age 40 his performance on the field is better. >> i would say i'm faster and quicker now than, you know, when i first started playing football. >> you're faster at age 40 than at 18? >> yes. i am. >> brady has also been busy off the field. he just finished writing a book, the tv 12 method. how to achieve a lifetime of sustained peak performance, published by simon and schuster, a division of cbs. you can see the rest of tom brady's interview on cbs sunday this morning. >>> the prime time emmys are on sunday here. hollywood insiders say get ready for surprises. danielle nottingham has a behind-the-scenes look. >> we did! >>> stephen colbert could win multiple awards while hosting the ceremony. >> what can we expect this year of the emmys? >> i hope a lot of jokes. [ laughter ] >> um, nice musi

earlier this year, alphabet's self-driving car unite waymo signed a deal with lyft to collaborate on autonomous vehicle technology. >>> jpmorgan gives its take on the airlines. analysts at jpmorgan lowered their rating on american airlines and united-continental to neutral over concerns on domestic pricing weakness and higher fuel costs. but the firm upgraded southwest, citing an attractive valuation. shares of american fell fractionally to $46 even. united was off 2% to 59.80. southwest was up to 54.72. >>> analysts at evercore thi cc nvidia has more to run, saying the company is creating the industry standard in artificial intelligence systems. in its known, evercore went on to say that nvidia will likely maintain its leadership in the space. shares of the stock took off, rising 6% to 180.11. >>> anthem says it is reversing an earlier decision to exit from the affordable care act exchange in virginia. the health insurer said it will instead grow its presence in the state after learning that its exit would leave more than 60 county without obamacare coverage. anthem shares were off

they make a deal to use waymo technology everywhere and they pay some penalty.ethingo settle for less than cash you have on balance sheet. the ceo has to go in and fix it. my understanding, they are cash positive in some markets. aily: they are negotiating new investment. we do not know if it will happen. roger: if i were the ceo, i would try to get to break even even off the , cash you have on the balance sheet now. they are at a scale today that if they can get to break even, their capital relative to lyft and others in the space, it will be much lower and their ability to choke off competitors will be in place. they don't need try to do it as private company. emily: what about the cultural and personal issues? especially since the former ceo wants a seat at the table. roger: the good news is that most of the management team has departed. the new ceo got the opportunity to bring in his own team into the place. the challenge is that, travis kalanick's personality and uber's culture were one in the same. the strategy i'm recommending, which is get the company to

appeals court clears the way for alphabet's waymo to get to trial.n a bloomberg exclusive. another exclusive.

waymo. a self-driving company that uber required.ber denies having access to those files. >>> a sign of a strong economy. hosting the biggest career fair of the year. 1200 students will have a chance to sell themselves to 150 different employers to land internships or their first job. it is open to santa clara university students. >>> new this morning, californians love their coffee. a study from wallet hub looked at which cities spend the most on coffee. california took four of the top five spots. fremont outspends the rest of the country when it comes to buying coffee. irvine, second. san francisco and scottsdale rounded out the top five. they looked at the best overall coffee cities in the country. you guessed it. seattle where starbucks has its headquarters. san francisco is three and oakland 13th. >>> happening today, dunkin' donuts opens the third store in the bay area. it is on mallory avenue in fremont. it opens in about 20 minutes. you still have time to get out there. the first 100 people get special gift bags. the first pe

with ford rival general motors as well as jaguar land rover and google's self-driving car division "waymois also forming its own self-driving car division in palo alto which will include hundreds of engineers and technicians. uber has already been working on self-driving car technology since 2015. >>> so "wall street journal" is reporting that apple can have a problem with the iphone 10 production thanks to a supply shortage of the 3d sensors which are key for the facial recognition technology in the iphone 10. apple plans to ship the 10 on the third. an analyst says that could be pushed back by a month because of a production snag. apple stock did rebound yesterday by 2% snapping a slump. overall the stock market is on the rise this morning. taxes reforms will be unveiled. let's check the big board. dow up 70. nasdaq up 52. s&p up 9. apple another good day up 1%. >>> thank you. let's check traffic. you're tracking problems in the south bay? >> yeah. it's been quiet in the south bay this morning. now they are joining in with the slowdowns along 101 and 280. that's where we're tracking the

google is suing uber for allegedly stealing thousands of files from google's self- driving car company "waymos now mountain view- based google's turn to announce its phones, the pixel 2 on october 4 according to its made by google website after . >>> you can order the iphone 8 and 8 plus available for preorder right now. the devices will be released next friday. you have to wait a little longer to get the 10. preorders to that begin at the end of next month. >>> and australian company decided man's best friend deserved a spot on swimsuits. dogs and cats on fronts and backs and even bottoms are now a reality from a startup based in sydnicu a friend wanted him to print a swimsuit of their burmese mountain dog as a joke. now business is booming and the company has a kickstarter account to keep the supply strong. >>> i'm dennis o'donnell. coming up, why the raiders' new kicker once thought field goals were meant to be kicked below the crossbar. and the indians incredible win streak on life support last night in cleveland. what's cool about your school? email your nomination to us at coolschools@k

you have to have an open platform that's really both with mobileye on the autonomous driving, the waymo partnership is a great example. >> shares of intel are up 1.3% this morning. >>> glaxosmithkline says the fda approved the new 3 in 1 inhaler to treat copd. the inhaler combines three drugs to open patients airways just slightly negative in uk trade today. >>> walmart will allow some shoppers on food stamps to order groceries online the retailer is testing the option at a store in houston and four near boise, id waho. shop kers oper can order onliney in person when they pick up their groceries. >>> fedex will raise some shipping rates starting in january. fedex express ground and home delivery will go up 5% the one-rate shipping will increase 3.5%. fedex reports earnings after the close today. it's flat in the premarket >>> in ipo news, best a chinese logistics firm backed by alibaba slashed a u.s. offering after getting a tepid response from investors. ifr reports best plans to raise up to 4$495 million by selling adrs for $10 to $11 each, down from the range of $13 to $15 best was s

has soured google is suing uber for allegedly stealing files from google's self-driving car company waymo>> i wonder if an investment in lyft would be a conflict of interest perhaps not. >> we'll have to wait and see. >>> rovio has set the price range for its upcoming $1 billion ipo. the company behind the angry birds franchise says it plans to offer shares within a range of 12.22 to $13.70 each the ipo will raise proceeds of more than $30 million. rovio expects the stock trading in helsinki on october 3rd >> helsinki which is -- >> what in finland >> yes good to check on your geography, make sure you're brushing up >> i actually didn't know rovio was a finnish company. i presume it's finnish, it didn't just choose helsinki. >> you like angry birds, do you not? >> i don't i did like my video games back in the day but not norfor a while. >> angry birds, popular game >>> up next, keeping america safe, cnbc went behind the scenes for the inner workings of airport security that report coming up. >>> first, as we head to break, here is the national weather forecast focusing more on the united

i would try to get the google suit settled, the waymo suit i think that is almost -- the potential harm there is to so great. go into the various government entities, solve those problems and i think he has enough cash on the balance sheet that if can you take the legal risk off the table, that he can get the thing to something that feels like profitability and that would be a game changer again, it's going to require a different strategy he has to be much, much more disciplined than his predecessors were and he thohaso slow the growth down he has enough scale that if he does that he has a real business when he's done i think there is a ton of challenges but it's really worth going for. >> yeah. a lot of opportunity imbedded in the challenges as well roger, thank you so much for covering so much ground with us today. roger mcnamee and sarah and elan as well. dow down 177 we're going to watch the action trading today. we have the ten year below 209. >> so interesting to watch that ten year, right? once again, we're back to all summer long and after months you could have actually if you h

waymo claims were stalled -- stole trade secrets. -- they will send $1 billion on a new foundation withmoking. the tobacco giant is trying to comport more smokers with devices of sheet rather than burn tobacco. more than three million smokers made the change so far. the fda said it will bring you lots to reduce cigarette nicotine below addiction levels. that is your business flash update. silicom, an exclusive interview with ibm's ceo. from new york, this is bloomberg. ♪ scarlet: a big change has come to roosevelt island in new york. cornell tech opens its brand-new campus. -- brand new megan murphy speaking with one of those leaders, ginni rometty. augmentedrefer intelligence. we will need help on important decisions, no matter what they are. not only with the amount of data, but with the complexity of what is out there. it doesn't matter what question you are in read it is this idea that you can help any decision be better. i am reminded of an interesting to stick. studies have been done -- an interesting statistic. studies have been done that when asked what percentage of your decisi

alphabet will legally separate business from google and waymo.rganize alphabet as a corporate parent. hyundai will pay a settlement in the faulty the con airbag -- suited theag malfunction airbags, which could intoshards of metal passengers, led to 17 deaths. inata declared bankruptcy june. there were once ubiquitous in the banking industry, and argentine held onto them, but i got to the point where -- deutsche bank held onto them, but he got to the point where they were made fun of by holding onto the smartphone pioneer. nothing funny about blackberrys. joe: no. ge shares are up 2.1% for the biggest gain in months, adding to yesterday's gains. bloomberg' oliver renick it joins us now. swhat is going on with ge? we will throw them a bone because it is the first good day in a while. pretty serious about getting a seat on the keyboard, and what that will mean can even with conversations with the new ceo, john flannery, but the bottom line is that it has been a rough year for ge, the worst performer on the dow right now. if you look over that, in a

you have to have an open platform that's really both with mobileye on the autonomous driving, the waymoartnership is a great example. >> shares of intel up about 30 cents yesterday. >>> other stocks to watch. glaxosmithkline says the fda approved the new 3 in 1 inhaler to treat copd. the inhaler combines three drugs to open patients airways glaxo also submitted approval applications to regulators in europe, australia and canada >>> walmart will allow some shoppers on food stamps to order groceries online the retailer is testing the option at a store in houston and four near boise, idaho shopper can order online and pay in person when they pick up their groceries. >>> fedex will raise some shipping rates starting in january. fedex express ground and home delivery will go up 5% the one-rate shipping will increase 3.5%. fedex reports earnings after the close today. >>> the improving rate environment is breathing life into some insurance companies. joining us is brian crandall are we right >> 2.2% on the ten-year is an increasing rate environment that tells you where we've been for a long p