Transcripts For BLOOMBERG Best Of Bloomberg Technology 20171104

Companies continue to rally is formed to from apple to facebook, we have the biggest highlights. To our lead. Facebook, google, and twitter go to washington. Executives of all three firms discuss how their platforms were manipulated. Facebook, google, and twitter told congress they were not sure forgetting the full extent of this. They dont yet have the technology to prevent this from happening again. With the cofounder of course to get his reaction. Think it would separate into two things. It would have responsibility once they understood the problem and issue to discover the scope of it, then a trust it. Sayink it would be great to they bear responsibility for missing it. This stuff has come to light after the election. It wasnt anything i think anyone new happened in previous elections. Everyone has been seemingly surprised by it. The not a matter of doing work of how deep and brought it was, then attacking it as quickly as possible. What changes in twitter are necessary . Theyve made abroad and aggressive statement statement of where they need more transparency political asset purchases. Steps. At those great i said when i was ceo, we will be a lot more aggressive. Some people say the ads arent in real problem. A number of people pretending to be somebody else. Twitter thought said yesterday, the hearing is 5 of the council do you agree with that . Think its more. Two things i would say that this. Us a numbere giving and housey dutch hearings, and that they believe its the correct look. The thingy you have to remember is that sometimes their researchers who, and say im about the data. During going off these feeds. For this, i mean theyre looking at tweets. This is before twitter delivers them. Is there an idea that they are ungovernable . No. All sorts of machine tohniques and of algorithms do the things that you should be , likea better job of making sure that this information is being delivered on this platform. Not to make sure that its foreign propaganda and fake news, to use the term of the day. Proceedings these fraudulent. He used the word fraudulent. He said its completely ridiculous to blame these companies, social networks, spreading misinformation and there is a broad picture of yield, what actually is. What do you think . I will try to take a more nuanced approach to the answer. On the one hand, you could say that people lie on tv all the time. You can point to News Networks and say that was not even remotely true. Its not facebook, twitter, googles problem. Its everybodys problem. More, we all have to take responsibility to prevent this from happening again. As the leaders in the Technology Field that are delivering a lot of this information, algorithms that we think are best suited to deliver them the right information, we need to have responsibility for addressing this. I do think i watched some of the hearings yesterday morning and was proud of twitters counsel, who was there, one of the more ethical people you could ever meet. Beenthink it would have better if those were more about problem solving, and less about political theater. You get the statements that come with questions in the form of accusations, asking to design the person asking the question with good or stupid. Choose one. Ould like to see him choose one. I would like to see them be more about, lets Work Together to find solutions, and problem solve, instead of blaming people to get on the evening news. Emily is twitter a media company, and what is its responsibility . It certainly is in the media business. There is a sense in Silicon Valley that these companies are platforms, and only responsible for distributing information, and not making editorial decisions. I think jack is acknowledge this. These companies, all of them, youtube, twitter, a spoke make editorial decisions all the time. This does not meet our standard for nudity or pornography or whatever, so he can stay. This one does not need it, so it has to go. These Companies Need to admit, we make editorial decisions all the time, and we need to live without and understand that being in the media business, even if we are tech company, means we are going to have to take more responsibility. Emily what are some solutions as you see them . You know how hard this is. Lets be clear. The ads are not coming from uncle vladimir wanting to pay for cornhusker moms for trump. It is not that simple. I think you should only take lyrical ads from organization you should only take political ads from organizations where the election is taking place. And things like that, that do not let the election fall outside the bounds of that region in which the election is taking place. That seems like a simple and obvious one. The problem with legislation around things like transparency are that the organizations are not going to name themselves, but the former soviet republic of so and so. They will name the cells that sounds like the iowa or california grassroots Republican Organization or democratic organization. It has to be more about the organizations themselves a registered on filing their forms in the countries or regions where the elections are taking place. Emily you have been vocal about harassment on these platforms. Twitter has said they will change the way they approach harassment. It will be more transparent. In the wake of rose mcgowan getting suspended as she was talking about being sexually assaulted. Do you think it is too little too late for twitter, or can twitter get this problem under control . It is a problem they should address. They should be more of be more aggressive in addressing it. I do not think it is too little too late. It is one of the most vital and important platforms in the world. It is literally the way to get information or your opinion about something out in a moment. It will be that way for years to come. Get more aggressive now. Emily is it a matter of being more the word that is being used is transparent, what would also be helpful is for these organizations to provide contacts for why a certain decision was made. It is one thing to say, we made this decision because of this specific tweet. But then people might draw the wrong conclusions. It would be helpful, i get how hard this is, but it would be hopeful to say we made this decision about this content for these kinds of reasons. That might not solve all your problems or answer everybodys questions, but it will give people a better understanding of what is going on behind the scenes, and why some issues are as challenging as they are. Dick c former twitter ceo. Up, apple reports burning revoked, dutch earnings revoked. Earnings revoked. Details ahead. Facebook and twitter will speak in front of congress this week. Hear from congress and Chris Stewart of utah. This is bloomberg. Shares of apple have soared more than 40 this year. Due to in part anticipation of the most imported from the product in years the company in years the iphone x. Its crucial for investors, apple. Demand for the iphone x is going up. Updates on the iphone it in china. We have reactions to those results. I think it is certainly a old move to sell a device for 1000. Approved that demand remains strong. We have been looking at this, longer than any phone. Suggest some supply issues. I did ask tim cook about this when i spoke to him on the phone moments ago. He did not seem worried about it. He said this is the most advanced iphone ever. He is happy with how the ramp is going. They will make reductions in wait time today or tomorrow. We can expect the wait time to go down. Julie that is the case. No organization builds capacity to hit the demand. They have a producing these devices for a while. Apple always meets or beats expectations. They may be setting expectations of four to six weeks, but i would not be surprised if consumers get them in the mail before that. Emily knowing that this is the quarter coming up, with people waiting in lines for the phones julie it is exciting for apple. The iphone x represents 70 of the revenue. At what point are they going to break out devices, and that there is a keen eye on their services businesses. Charlie emily it grew 34 year over year. My question is, how long can they keep up that kind of growth . Julie it is also hard to get a bigger growth number. There is only going to be more momentum in this market. There is only more incentive for me to find out Services Like apple music that can work across all of the devices. Emily this talk about china. Apple return to growth in china. There were Big Questions of people would want to pay up for a phone this expensive when you have alternatives that are half the price or less. I asked tim cook about china, he said the mac was strong. Their services hit an alltime high in china. In addition to the iphone, the other businesses are doing well. He suspects china will love the iphone x. Julie he has more data than we do. He will talk more about that. This is like going back to the early generations when people camped out outside the stores. You may see a lot of demand for the product. We may see a slowdown and how frequently they refresh that. Do we replenish our laptops every two years . Are we going to see people get closer to a 30 month cycle rather than a 24 month cycle to justify the cost on a month by month basis. Emily tim cook is pleased with the sales so far, but are you concerned about the iphone x cannibalizing their other sales . Julie they are very good at adjusting prices on the other products. They tend to still do well with those products. Emily as we watch the rollout around the world over the next 24 hours, what we you be watching for . Julie i dont know of there something specific we are watching for. I will be interested in the release numbers, what the preorders are, how much demand there is for the device. The demand seems to be strong in san francisco. Tesla still hasnt figured out how to overcome production problems that threaten its liability. The company wont make 5000 units per week of its cheapest car until march, three months later than planned. They also reported a record quarter loss and cash burn. Coming up, the senate and house grilled over possible russian interference in the u. S. Election. We will hear from one of the representatives next. Plus, how exactly does a Russian Group bu political ads ony facebook . We will explain stepbystep. This is bloomberg. Willie it was another successful launch for spacex. Emily the satellite launched from floridas Kennedy Space center, and will exist replace existing orbit orbiter. It landed successfully back on her for reuse of the future commission. Facebook, twitter, and google appeared for the House Intelligence Committee to enter lawmakers questions about a possible russian interference in the 2016 u. S. Election. I spoke with a republican run is representative from utah, and from if he was satisfied the response of representatives from the big tech firm. Generally, we are satisfied. How the look at russians were so brilliantly able to do this in such a divisive way, and having an enormous challenge in trying to do that. Executives we the have before us were very honest with their answers. It is not going to be easy. Emily do you buy the response that it is technically difficult to tell users that they were served russian ads and russian posts . I dont know if i can answer that with authority. I dont want to disagree with them. I dont want to say they were not being honest. I think the answer is insufficient. If what they are telling us is true, we have to be able to dig deeper. We have to be able to develop policies and tools that will stop that from happening in the future. Maybe that is the case now, it is not sufficient for what we need in the future elections. Emily these companies spent sent their top lawyers but not top executives. Will you be trying to speak to Mark Zuckerberg or jack dorsey . Yes, it may be more publicly interesting to see and talk with them. I dont think we would get a different answer. I understand why they sent their lawyers. Sometimes we were asking very technical questions or very difficult questions. I understand they wanted somebody else to take the heat and be the public face for this, but i dont know that they would have told us anything different. If that is the case there is not much advantage to having Mark Zuckerberg or any of the others. Emily do you think we will see regulation out of this . That is the real question. My question is, they talked about fake news again and again. We are going to identify it, and we will help the consumers understand this is fake news. I asked what does this mean . Who is going to decide what is fake news and what is not . If you talk to mr. Trump, his idea of fake news is very different than someone elses may be. If you are looking for a regulatory answer to this, that is an enormous challenge. I think at the end of the date you have to trust the American People that they will use some judgment and they will use some of their intellect to determine this. That does not sound right to me. In that spectrum there are facts but most of what we may read or view has some degree of opinion. I dont know how you would try to regulate that. I think it would be a enormously complicated and the potential for that to turn into a Political Tool is very troubling to me. Emily what about government cooperation . What about legislation . That is another thing to do altogether. There is more we could do to further the cooperation between the government and private entities. In many cases these entities themselves in their own terms will not allow them to share information with each other. I wish they would break down that barrier and be our own and and paid this person or customer. We have identified as belonging to a russian troll. I would certainly hope they would share that information with each other. The same thing is true between the government especially the federal government and these private entities. That is the type of information that could be shared and should be shared and many times right now it is not. Emily we have now seen indictments from the special counsel, you are doing your own investigation, where does that stand and what is next . The House Intelligence Committee has been looking at this for almost one year. We started looking at russian interference and we have tried to stay focused on that. These indictments we saw a few days ago have nothing to do with that. They were financial, apparently that happened years ago. In some cases it was several years before some of these individuals were associated with the Trump Campaign. If they did something wrong or if they were truly laundering money they should be held accountable for that. In the house we are really focusing on was there collusion, how do we stop that from happening in the future. How do we protect our elections a year away from now . Europe is experiencing much of the same thing. How do we assure the American People that foreign entities are not breaking down that trust and democracy and trust in our own election. Emily what do you need to see from the investigation and terms of evidence to act legally . I am not sure how to answer that. If we find evidence there was illegal activity then we will pursue that. We will write a report and if necessary we would refer that to the department of justice or in some cases the special counsel. Our primary concern is we are not tasked with enforcing the law. Our goal is to discover what happened and tell the American People. Some people are frustrated. They have been saying collusion for a long time. That truth is we have not seen evidence of collusion between the Trump Campaign and russians. We have seen some other activity that is concerning for us. We will continue to pursue that. As quick as possible report that to the American People. They deserve to know. It should not be in 10 years and it should be as quick as we can while still relevant. Again to stop that from happening in the future. Just a reminder, bloomberg lp is developing a local news Network Global news network with twitter. Coming up, more reaction on this series of tech hearings in washington this week, exploring the world social media played in the u. S. Election. Couldre the next steps, regulation really work . And a reminder. All episodes of bloomberg or Live Streaming on Bloomberg Technology are Live Streaming on twitter. This is bloomberg. Emily welcome back to best of Bloomberg Technology. I am emily chang. The public finally got a look at some of the infamous elected russianlinked at that. On facebook and twitter as part of the influence of the 2016 president ial election. According to senator mark warner, there should be more to worry about. These ads are just the tip of a large iceberg. The real story is the amount of misinformation, divisive content pushed for free on russianbacked pages. Which was then spread widely on newsfeeds to tens of millions of americans. Me,y selina wang joins along with mark bergen and kiefer boy. Talk about the events in washington. We began discussing why the ceos for these companies did not attend. I used to work in the senate. If they wanted the ceos, they wouldve scheduled it when he was in china. This was a done deal. Angus king was just speaking for himself. He probably violated an agreement. This happens all the time of Public Company ceos. They find a convenient date the schedule the hearings. This was totally fraudulent. Emily they could still be asking for these folks to becoming the capitol hill. I guess googles defense, ken walker, could speak to him issues more clearly more than larry. Much more involved in the daytoday in these legal and Security Issues they talk about. Jack dorsey was just that he square event. He is definitely not going to be in d. C. He is running two companies and only has so much time. Emily another point senator warner made an effort to point out is these investigations are not over. Listen to Something Else from senator warner today. Senator warner do you believe any of your companies have identified the full scope of russian active measures under platform . Yes or no . Senator, our investigation continues. I would have to say no, not with certainty. We are still working on this. We have done a conference of investigation, but these are ongoing issues we are continuing to investigate. Emily we still dont know the full extent of this. The you maintain it is not important . Keith i think everyone is being hypocritical and showboating. The ceos were all advised not to attend. It would have brought more attention. Most people will not watch counsel with sessions with general counsel testifying. If the ceos show up at the more spectacular event. Very newsworthy and people will tune in to see mark or larry or john. That is how these companies want. I dont want everybody in america tuning in. Its a very calibrated decision. They may eventually have to if they continue to display these cards. More people listen to terrestrial radio today than actually log into facebook in the United States. Why arentling we calling on the Radio Companies . Facebook has an influence. Keith im not sure it does. Show me one study the electorate in 2016 was more or less informed than americans in history. Facebooks earnings are blowout earnings. Google earnings last week. They talked about talking about 100 million hours a day on youtube. Google talked about their pitch to advertisers we are better to tv. We have more target reach. Now youre saying the target maybe was not that effective. Haveolitical advertisers less than 1 of diet cokes budget. Emily people are still posting. I get plenty of posts about political candidates. Yeah, but the you read them . Emily i see them. Youre looking at baby photos which is what everyone is doing. Arehese people you think your friends are having a bigger impact than broadcasting radio. But they are my friends sharing this. My friends have the right to share any content they want unless the ball lights unless it violates the law of the United States. Nobody in america should be trying to stop that. The house put up a study 65 pages long. What today demonstrated is these companies are flatfooted. Twitter has been aware of this bot problem for a long time. Now it seems Like Congress is actually waking up to was really happening. I think the user expectation is people are real and its a realworld identity. There is something facebook should do about that. It is a consistent with the platforms design and vision of the company. To twitter, i think the user knows it is not necessarily the real person. The expectation is pretty reasonable. I think it varies by user expectation. I dont think it is a definition of fake news people agree with, particularly the political context which has first amended production. I have the right to say Hillary Clinton is a crook. If they try to stop that this country would be just as bad as russia. How many people died in the las vegas shooting, for example. Most of what people are objecting to is the mix of fact and opinion. Emily that was technologys wang. S wang selina Russian Groups spent 100,000 on ads to influence the election. How did they do it . It was more simple than you might think. Sarah frier filed this report. Us a facebook tells Russian Groups spent 100,000 to influence the 2016 president ial election. How did they do it . It is very simple. There are only three things you need to run it varie very sophisticated advertising campaign. Facebook, the ad, and a credit card. It holds your hand through the rest. Lets it you have an ad you want to show to gun owners in pennsylvania. Simple. Facebook and route your ad to everyone who lists their home state in pennsylvania, posted a gun, analysts behavior about gun ownership. You can do it by race, education level, anything. Facebook and target specific demographic groups since it has so much information on its users. The articles they click on, the pages they follow, the things they like. All that is recorded for later targeting by advertisers. There is also the information the users provide themselves, like what town they live in and what school they go to. This tool is helping a Russian Group called the Internet Research agency run its campaign. And help them stir up controversy over immigration, gun rights and more. Facebook says before the ads are distributed they are sent for a review, but it is a mostly Automatic Process that the family block controversial ad space. Which means the russians were able to run thousands of ads with Incorrect Information and inflammatory political speech, which facebook users could tell came from russia. They created fake accounts and pages to run the ads which looked like they were just coming from concerned u. S. Citizens. Just a little bit of money goes a long way. 100,000. They were able to reach 10 million people. Remember the swing states in the election were won by near thousands of votes. We dont want anyone to use our tool to undermine democracy. Sarah facebook said to prevent manipulation in the future they planned to hire 1000 humans to help review ads that are politically or racially targeted. They still have that set exactly what the group would be. Emily bloombergs sarah frier reporting. Coming up, another record quarter and facebook. The company. Up spending this year on security. And the merging of tech and wall street has ramped up thanks to automation and a. I. We will hear from citadels security chief Information Officer. This is bloomberg. Emily new york city could be home to amazons second headquarters. The big apple tops the most of the list did with extensive mass transit network. The study is based on factors amazon outlined in its proposal. San francisco was second for its large separate tech workers, and washington, d. C. Was third on the list. Facebook reported another quarter of record sales despite a tough week on capitol hill. Gravity rose 47 to more than 10 billion, far above the top of the range of analysts expectations. Boy, kirkpatrick, keeper and Gabby Williamson joined me to discuss the results. Marketer we are more about looking at revenue and you mentioned at the top of the newscast, these Quarterly Results shredded expectations. They shredded hours as well. It is all about revenue, up into the right. Everything they reported is higher than we had anticipated. Emily david, you have taken a slightly different tact today expressing concern about facebook shares and if they will continue to go up as a result of all this controversy. David facebook shares have a lot of reason to be strong. The very success of the russian effort would probably reassure advertisers that facebook is the right place to advertise, sadly. They will not stop magnetically attracting more and more ad dollars. The question is, how much are they willing to spend and how much social capital are they willing to expend in corporate capital, emotional and reputational capital to do the right thing . I think that the step up and take a fundamentally different attitude towards their role in society. They goes way beyond election meddling. I have not seen that yet. Emily would you agree . I think this whole story is completely hypocritical. The cia has done the same thing in elections across the globe for 50 years. The fact that the United States can do things but russia is evil for doing the same thing is ridiculous. The big mistake was obama when he ridiculed romney for predicting all of this. If the president of the United States thinks russia is our friend, why should Facebook Think russia is evil . Emily now we have evidence that russia was interfering. Do you think the platforms should do anything about it . They should do the same thing, the same laws that require transparency. They dont allow foreign agents to buy ads to influence federal elections, for that is a small category and not really what people are talking about. The news came out russia spent about 48,000 on facebook, which is a rounding out here error on a rounding error. Clinton and trump together spent 81 million. Russias fit 46,000. Efficient 46,000 ever spent in advertising. David i think what he said about the cia is right but not the point. These companies, facebook in particular, have a social weight a commercial enterprise has never had in america or the world. We dont really have a governmental regulatory or citizen response to that. Political meddling is just one piece. Sent a warner today number of things he is certain are problematic. Financial scams, fraud, meddling in social behavior. This is not going to stop, even if the whole russia thing went away tomorrow. Facebook will be facing massive questions about its future as a platform for the public debate and why a company ought to be the one making decisions about happens there. We had mark, zuckerberg speaking of the facebook earnings. He said they are working with congress on legislation. Even the companies are taking some responsibility. Keith i dont think of support any radical legislation. They may allow some a commensal transparency. Facebook should require realworld identity. I think the facebook platform is predicated on realworld identity. I think stamping out fake accounts is a good thing, something users would expect. I dont expect facebook should be subject in any incremental regulation but does not apply to tv, newspapers, pamphlets or new sports. Emily we heard from facebooks testimony of the lawyers that instagram was also affected. What sort of significance to you think this will have another businesses under the facebook umbrella, whether it is instagram or whatsapp . You are right. It was new news that instagram came into this. We willit is possible see other platforms involved as well. I have to say there is a lot of things going on. Everything is new. It is always exciting to watch what facebook is doing and what role it is playing. The debate over facebook is not going to end with his russia investigation. I agree there is a lot that facebook has to do in terms of its role in society and its role in understanding and helping people understand what is news and what is not news and what is fake news and what is not fake news. There are many things we will see over the coming months related to facebook and all those companies. Emily Mark Zuckerberg just said he is dead serious about the pressure problem. Keith he should be, but users are voting. Facebook should be enabling users to share with a want to share. The National Enquirer also has existed for 50 years. Most of the stuff in the National Enquirer is completely fabricated and falls. But people like to read it. And not surprisingly they like to share similar stories on facebook. People like to be entertained. If you want a serious news platform, that is not really what facebook users think the are getting from the product. Emily one Financial Firm is getting serious about Machine Learning and luring tech talent. We are behind the scenes with Citadel Security. Check us out on the radio. N on the blue you can listen on the Bloomberg Radio app. Emily gopro tapped a big name in sports to serve on its board. They say his leadership creativity and passion has made him one of the most respected individuals in the nba. The warriors were one of the first pilot partners to try the gopro fusion, a device for virtualreality video. Gopros eight board member. As chief Information Officer at Citadel Security is responsible for implementation the Market Making Technology Driving the securities business at citadel. He got his start in Silicon Valley. He starts about going to wall street with erik schatzker. Thats an interesting story. Most of my time is spent in the valley. Companies like network appliance, cisco, juniper. The think most interesting to me about Citadel Securities is they afforded me the opportunity, a license to en in a vague. It is innovate. That excites technologists. Technology for network, storage, in bringing them together at the same time. The second thing interesting to me is i found such a high concentration of talent. People talk about hiring the best and brightest. What i found at Citadel Securities as we set the bar so high in terms of who we bring in we are actually bringing in those types of people. Having those types of people around you up levels your game. And the final thing was we are able to deploy new technologies days and weeks as opposed to months and years i have been accustomed to. Technologists love seeing their creations come to market. Erik you make it sound this is a faster paced, more exciting environment and what everyone thinks is the holy grail. , its as much a tech firm as i have ever worked at. Has a trend amends tremendous amount of excitement and innovation. Erik what specifically about your background and equities the citadel need . We value diversity of experiences. If you only have people coming in from the tech sector, they think a certain way. Bringing in people with different perspectives from Different Companies and different experiences, that allows us different insights which we can then apply to our core mission. Erik you have worked in networking, storage, and more. What are you applying most year . Nawaf we are bringing them all to bear. Compute an analysis is fundamental to our business. The way we acquire and store data is fundamental to our business. Unlike other places i have been, we are using it all at once. Erik explain why. Help people understand the role that technology plays in a marketmaking firm. Provideur mission is to liquidity, stable efficient, transparent markets. We use technology in many different ways. Example, we dor analysis that allows us to provide the best liquidity, particularly in illiquid markets so we can provide a more efficient, Cost Effective transaction to our clients. It enables us to fulfill our obligations as a designated marketmaker on the New York Stock Exchange for the 1400 symbols we represent. We use our technology to enable a prompt and smooth opening and close. On the institutional side we are able to screen pricing. Our Technology Allows us to do that as well. Erik if technology is the x factor, one of the principal things that separates good executors from bad ones, i have to believe there is an arms race going on. More, better, faster, more powerful. Nawaf it applies to the infrastructure we deploy and the technology we deploy, but perhaps more importantly it applies to the people we hire. We look to bring in people from texan troops and Companies Across the world tech centers and Companies Across the world. This is an impressive number. Just this you were hired over 20 people from traditional tech firms. We are looking to connect with people before they graduate. We have held 20 data ponds across the world. We have been able to hire some of those as well. Erik where are the Happy Hunting Grounds . Nawaf we will hire good people from anywhere in the world, but for traditional tech people the concentrations are in Silicon Valley and the seattle area and austin, texas. Erik googles and facebooks, companies of that nature . Awaf we are being very selective about it. Erik talk to me about the innovations. Technology is all about innovation and i suppose disruption as well. Talk to me about the innovation you are implementing now and anticipate implementing that will prove to be disruptive. Nawaf data is at the heart of all we do. Our ability to analyze and glean insights from the data is fundamental. People talk about Cloud Computing all the time. Cloud computing provides elasticity and elasticity they can be a force multiplier. You can expand into resources for periods of time when you could not afford them costeffectively on an ongoing basis, but those of the type of things we look at. Erik what about Machine Learning . Awaf it is something we deployed today. A lot of folks dont understand how it is distinguished from artificial intelligence. I think wishy learning is a stateoftheart in artificial intelligence. When you are able to do is look at pass patterns of data and correlate them with known outcomes that occurred in the past. I like to use the expression those who ignore history are doomed to repeat it. We can train a model based on what happened in the past, correlated to the known outcomes we are associating with that, and use the technology to predict what would happen in response to an unanticipated set of circumstances, and improve the model over time because we provide feedback. That is the learning aspect of Machine Learning. We do deploy that in many areas of our business to get more insight into decisions we make. Was nawaf batar at Citadel Securities. That does it for best of Bloomberg Technology. We will bring you the latest in tech throughout the week. You can tune in every day. All episodes of bloomberg tech are Live Streaming on twitter. Check us out at bloomberg tech tv on weekdays. That is all for now. This is bloomberg. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Whentertaining us,es getting us back on track,hing . And finding us dates. Phones really have changed. So why hasnt the way we pay for them . Introducing xfinity mobile. You only pay for data and can easily switch between pay per gig and unlimited. No one else lets you do that. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit or go to xfinitymobile. Com. Julia we are inside the magazine headquarters in new york. Carol a special focus on the year ahead. Julia we surf through the data to give you 50 companies that can make the biggest waves and 2018. Carol oneonone interviews with highprofile newsmakers. Julia and the events that shape policy and decisionmaking that here. Carol this is Bloomberg Businessweek the year ahead