, journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Caroline im Caroline Hyde from london, in for emily chang. This is Bloomberg Technology. Coming up, a change in ownership. We will analyze a u. S. Rivals deal. Plus, alibaba enters the ring as the fight to dominate the Smart Speaker market intensifies. How it stacks up against its rivals. Prepareseslas model3 to hit the road, a speed bump for the electric car giant. While teslas sales shifted down a gear. First, a massive deal in the Digital Payments ace payment space. This comes after j. P. Morgan showed interest, but ultimately backed away from the takeover offer. They hope to gain greater exposure to ecommerce retailers and Small Businesses through the acquisition. For more, we are joined by bloombergs editor at large, cory johnson. With me for the hour as guest host is Martin Mignot. Now, i want to kick off with cory first. Give us the background of this deal. Big exposure to ecommerce, smallr exposure to business. Cory why is it based out of cincinnati for a Global Payments business . It is a spinoff from fifth third bank, which tells you the history of this business of payment transactions. With the way this business works, when you go into a store and you use your credit card, the credit they find out if you have the money in your account and come back and approve the credit or not, but there are a number of steps that happen behind the scene. That takes a different chunk. You get the verification from the merchant, then the movement of the money between the merchant and the bank, and then the verification at the merchant side. As you go through each of these steps, theres a little bit of money taken each part of the way and it results in billions and billions of dollars. Commerce hasof gone from physical stores to online. Andpayment infrastructure the companies servicing those businesses have changed as well. Thats why you see vantiv making this move. They want to take advantage of the things happening online because theyve done so well already offline. Caroline lets talk to a man who knows about the online presence. Is it all about the graduation of payments to online to on the channel as well to omnicha nnel as well . Martin its a big part of the story. , its a big market still growing very fast its a big market, still growing very fast. Ay is verye worldp well exposed to online. They were the first payment processor for ecommerce in the u. K. In 1994. Its very much part of their dna. They have a Global Presence in europe and in asia. I think thats part of the story that is attractive to vantiv, which has been mostly focused on more traditional, brick and mortar retailers, which have been under attack against online players. It is a trend we have seen in some of our companies, the main one being a Company Based in holland, but with a very global footprint, which is very much playing on the same strengths of a new infrastructure stack, a global footprint, and offering offering. Nnel i think thats been very important. Emily co caroline cory, interesting that this is the key move. What about other m a in this sector . It has been hot. Interestingly, it wasnt the only suitor to begin with. Jpmorgan was looking in, but perhaps backed away. Cory there have been a number of acquisitions in this area over the last few years, where youve seen the Traditional Companies that have had such great business want to have more exposure to ecommerce. You saw heartland payment acquired. Forsaw the deal today nearly 10 billion. There is a play here. Lets not forget the very specific action amazon took in going after whole foods, if that acquisition is to come through. Vantiv shares dropped on that acquisition. All foods uses vantiv to process their payments. Although they are not mentioned in the annual report of vantiv, you saw shares drop about 4 on the day of that deal. What if amazon says, we will stick with our existing payment structure, get rid of vantiv, and use our payments processor, which is none other than jpmorgan . It is a competitive space here. You can see that with the m a oldline with the payment and Processing Companies trying to buy the newline companies. Also, the newline Ecommerce Companies are kingmakers, particularly amazon. Emily interesting. We saw another deal in europe. Paymentspany company saying it was being id vcs atby american the moment. Is it your view that m a might be the exit route . I thinkthink martin we would like these companies to brazil fulfill their potential. They can become public and ipo at some point. Some of them have a very large footprint. They dont really need a backer to grow all the way. Thats been the pitch from the getgo. Thats very much what we are focusing on. Caroline we will see who jpmorgan eyes up next. Brilliant reporting, as ever, from bloombergs cory johnson. Martin will be sticking with me. Door, the revolving ericsson chairman agreed to step down in 2018 after seven years on the job, completing an overhaul of top management at the embattled company. The company is in the midst of a transportation transformation, refocusing on ericssons core business, ling Network Equipment networking equivalent and pulling back in former areas of expansion. Coming up, more tech employees are speaking out against Sexual Harassment. How tech firms and startups are planning to combat this. And Bloomberg Technology is Live Streaming on twitter, weekdays at 5 00 p. M. In new york, 10 00 p. M. In london. This is bloomberg. Story we are, a watching. Amazon will create 1500 new fulltime jobs at its Salt Lake City center. It will allow workers to pick, pack, and ship smaller customer items. This is amazons first facility in utah. , stories of Sexual Harassment within the Tech Industry continue to come out. Vc firms and Tech Startups have been rocked by numerous Sexual Misconduct allegations, resulting in several resignations from tech investors, with the latest one coming just this week. As the industry moves to grapple harassment as the industrys moved to grapple with harassment danes momentum, questions gains momentum, questions remain. Joining me, joe nocera, who wrote about his column about this in his column today. Still with me, guest host Martin Mignot. Its pervasive and ingrained is what you wrote in your story, and the tide is now turning as men start to lose their jobs. But just how pervasive was it, is it, and why is it the tide now turning . Joe it is so pervasive. There are studies out there that show that 60 of the women who were polled said that they had had to deal with some form of fact Sexual Harassment. I would say thats pretty darn pervasive. Its really gone on for years, because the power imbalance between a venture capitalist who has money and a female founder who desperately needs money is immense. Its as powerful as a ceo and underling. So, its really only recently, especially after susan fowler wrote that incredible blog post about her year at uber, which launched, really, the decline and fall of travis kalanick, the ceo, that women have started to come out and not talk in vague generalities, but use their names, so they are on the record, and named the people who harassed them, the men who harassed them. It has been an explosion over the last two weeks in Silicon Valley over this, and jobs have been lost. There are going to be more explosions because women are going to keep talking about this and more names are going to come out and more jobs are going to be lost. Caroline im fascinated with whether this is something that has been talked about in europe much. Ive been in Silicon Valley for a few months, but it doesnt feel like we are going to get the explosions here that you are seeing in Silicon Valley. Am i entirely wrong . You areim afraid wrong. I think the imbalance of power that joe mentioned, between the fact that there are way more men than women, especially in the vc industry, but in the Tech Industry as a whole, is as true in europe as in the u. S. The issue of the imbalance of power, im afraid, is going to be the same here as well. Caroline you think, therefore is it jobs that need to be lost here in europe and in asia to start to see the harassment start to come away, but also the dissemination and the diversity start the discrimination and the diversity to start to even out . Martin whats been happening the past few weeks and months has been a call to arms for the industry. Weve seen a lot of unacceptable behaviors. Mary brave behavior from the women who are speaking up. Bravek its been very behavior from the women who are speaking up. I think its been a very good thing. Four female investors as part of our 20person investor team, which is not terrible, but we should do much better. And we dont have female partners, which i think is not really a good thing. We really need to make it a priority to expand the female partnership at our firm. We are taking that really seriously. Caroline joe, your piece is fascinating. Take brave women to come out and speak against tech giants such as uber, to take on the likes of binary 500 startups. But weve also seen it affect other industries. Maybe we start to see harassment decline, but it do we see diverse city pick up as well but do we see diversity pick up as well . Joe in a weird way, the harassment is the problem to solve, because it is such an offense. If you make the consequence youre going to lose your job and your reputation, men will stop doing it. Thats what the other industries show. Gender bias, getting women on board, getting more women founders that is much more difficult, although i will say i do think one of the reasons that all this is coming out now is because there are a lot more women founders than there were in the past. There is an increasing number of women who want to get into technology. I think its their frustration that is driving some of this these exposes and could lead to big change. Caroline fascinating from joe. Martin, theres interesting news going on in europe. We have a femalefounded company, set up by females themselves. We have diversity vc, which is focused on shining a light on how little they were city there is in the vc how little diversity there is in the vc community. What else can be done to ensure that we get over this disgusting hurdle that is going on in the industry . Martin we need to start with us. We need to act on what we can really control. For us, it means making sure we open up and look at the broader range of candidates. If we only look at our personal network, which because we are more male around the table, it orientedore male as well. I think thats a critical piece. Weve been doing that for the past from the beginning of the firm, but we really emphasized that in the past five years, passed 10 years past 10 years, but we need to do more. More systematically, one of the issues related to that is, if you look at something that needs to be addressed as well, well before people decide to go with a vc. Thats an issue with the pipeline. Caroline we hope more entrepreneurs come through as well. Martin will be sticking with me. Bloomberg view economist joe nocera, who has written business columns for the new york times. Wonderful to have you with us. Coming up, earlier, baidu held a conference focusing on its ai ambitions. Who is in the drivers seat . We will bring that to you next. A feature we want to bring to your attention, at tv on the bloomberg. You can watch us live. You can send our producers a message. Play along with the charts we bring you onair. This is for bloomberg subscribers only. This is bloomberg. Caroline two more airlines say they have now been exempted from the u. S. Ban on laptops in airplane cabins. Emirates and Turkish Airlines satisfied american concerns about security. The u. S. Band laptops banned laptops because it was feared they could contain explosives. News out of china. On wednesday, Search Engine giant baidu held a conference focusing on its Artificial Intelligence ambitions. All Tech Companies are desperate to get into it before its too late. Baidu is out to prove they are a serious contender in the ai world. Joining us, selina wang. Still with us, guest host Martin Mignot. Selina, what was unveiled today . It seems to be about Driverless Cars, rather than voice recognition. Selina this is baidus inaugural Artificial Intelligence conference. It was supposed to be a chance for them to show off their technology, new developments in ai, and really get the Artificial Intelligence community excited and ready to work with baidu. The big news from today was that they unveiled more than 50 partnerships with folks across the board for Driverless Cars. These players included ford, big suppliers like bosch, ri dehailing Services Like grab. Baidu basically saying, we want to be the android of the driverless ecosystem. We want to be the open Software Platform and work with all the other Game Changing players to make our technology as good as possible and beat out our rivals. Caroline martin, talk to us about the driverless car ecosystem. Going in on a Partnership Strategy to compete with waymo and uber. Martin i think they are playing catchup. Maymo waymo started way before everyone else. They have about 3 million miles with very lows currencies of human drivers occurrences of human drivers having to take back the wheel. The other tech players are playing catchup now. Caroline selina, where do we start . The partnership seems to be a savvy way that baidu is dealing with it. It is quite a short timeline in which they want to get all these cars on the road. Can they achieve it . Selina martin made a really good point. By do is playing catchup baidu is playing catchup. They are behind waymo. The caveat to these partnerships, while it is smart and the best way forward for them, this likely these likely are not exclusive partnerships. For these partners, it is in their best interest to be with as many different driverless car providers as possible, just because it is still so early. We dont know exactly who is going to win. But you are right. They want to have the driverless car on the road by 2018, mass production just a few years after that, so they need to do Everything Possible to get to those timelines, especially as their core business is struggling. So, they have a lot to prove. Caroline martin, as a vc, how are you looking at this space . Are you looking to give funding . Are these Companies Already larger than the ones that are really going to make an impact . Martin it has been i would say by far the hottest area of startups and investment in the past 12 months, 18 months. Weve seen startups coming picking up every little part of the slack, whether its hardware, radar, sensors on the car, software. Or mapping, even some battery technology. Weve seen a bit of everything. Weve seen the space moving a lot. There are some players going for the partnerships, others going more integrated inhouse development, like waymo. We have been focusing more on services around the car, the intelligent car, with investments like a multimodel, data focused service to help people navigate around the city or helping passengers navigate from city to city with a ridesharing model. Those are the types of services we have been focusing on. Well be able at some point to leverage, we hope, the self driving car when it gets ready and potentially commoditized. Caroline thank you very much. Andght from Martin Mignot great reporting as ever from Bloomberg Technologys selina wang. Sticking with ai. Alibaba is out with a new Smart Speaker to compete with the likes of amazon and google. Who else is in the race to own your home . We will discuss next. 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. Thats how you outmaneuver. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Alisa im Alisa Parenti in washington, and you are watching Bloomberg Technology. Lets begin with a check of your first word news. President trump discussed the dispute over qatar in a phone call today with egypts president. Egypt is part of the Saudiled Coalition moving to isolate their gulf neighbor because of claims that qatar supports terrorism. Trump told him both sides should follow through on the minister curb extremism. North Koreas Kim Jongun vowed today to never put its weapons programs up for negotiation. Thats after successfully testing its first intercontinental ballistic missile. The hardline suggests north korea could conduct more tests until it perfect Nuclear Missiles capable of striking the united dates states. Palestinian Authority PresidentMahmoud Abbas visited the french president today to discuss the latest developments in the middle east peace process. Both are expected to discuss the next steps following the International Conference hosted in january by former president francois hollande. 12 people, including members of venezuelas parliament, were injured after scuffles inside the countrys oppositioncontrolled national assembly. A group of government supporters reportedly forced their way in while parliament was in session. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. It is just after 5 00 30 p. M. 5 30 p. M. Wednesday in washington, 7 30 a. M. In sydney. We are joined by bloombergs paul allen. With a look at the markets, good morning to you. Paul it looks like its going to be a positive day on the local market in australia. Futures pointing up 0. 3 . The trade balance for the month of may is expected to show an improved 1 billion surplus. The nikkei futures are looking next. Futures traded out of chicago are a little weaker. Keep an eye on shares in japan today. The Convenience Store announced the First Quarter profit which normally narrowly missed estimates. Isanese Prime Minister abe expected to announce a freetrade deal with the european union. That would cap off four years of negotiations. Earnings watch also for young china yum china, just announcing in the u. S. There was a narrow miss, but samestore sales were up 3 . Im paul allen in sydney. More from Bloomberg Technology next. Caroline this is Bloomberg Technology. Im Caroline Hyde. The competition in digital speaker assistants is getting more intense. Alibaba has unveiled an amazon echolike device. Eachnt and samsung prepared to deliver their own develop their own aipowered speaker. Our more, mark gurman and guest host for the hour, Martin Mignot. Talk us through what we have being unveiled from alibaba. Is, the interesting thing only for the first trial, 1000 orders. Im curious to see how high the price goes once they pass that or if there are even going to be more than 1000 people rushing to buy it. I will assume there are, given how big i will assume there will be, given how big alibabas spread is across asia. 2017 has become the year of the digital speaker. Caroline Everyone Wants in. How does it compare therefore with the landscape . Why are we seeing the drive to own the home at the moment . What do these Companies Want within their ecosystem . Mark you saw amazon and google jump in with updates to the ecco line echo line, lots of new alexa devices. Look,ho show, the echo part of the same family. Its more of a style guide or your wardrobe. Apple last month announced the homepod for 350. Now you have all these players alibaba,from tencent, samsung trying to jump in. The homepod takes advantage of apple music and siri and homekit and apples Homebased Services and other streaming services, where they are trying to make the bulk of their money in the future as hardware sales slow down in some categories. People really want Smart Speakers. You see the demand for alexa. If apple does not create their own or these other players dont create their own, people start buying the amazon product. They really like alexa. They say, hey, maybe i should get some more amazon products, prime music, crime video prime video. We are starting to see people want to use those devices. If they dont create their own, they risk losing other product lines to other companies. Caroline lets get a vc take now. Martin, when you see this rush for ai you were saying how Driverless Cars are the hottest thing over the last 12 months. Is ai the hottest investment, too . Is there enough talent to go around, let alone enough money . Martin we do have a lot of startups going after that space on the driverless car. On the Smart Speaker side, we havent really seen anyone. Very few startups building on top of the alexa. We havent really seen any startups going after that. Im a little bit skeptical on that part of the home. We have not seen the ecosystem of developers going after them. Even as a user or a potential investor, i would be asking what is the retention. What is the engagement . Ive had one for six months and it is basically catching dust on that in the cupboard. Caroline mine is a timer. Martin im a little bit skeptical because of that. The pure voice interface is a little too simplistic. You dont have feedback of what it understands, what it can actually do. Thats the reason why theyve been adding screens. If you have a screen and a speaker, its just an ipad that doesnt move. I believe voice can complement other things and interface, but this simple voice interface skip those. Caroline mark, you go to the app developer conferences for the likes of facebook, apple. Are they just not managing to entice enough developers on board . Why are we not getting the fleet of startups feeding this ecosystem that perhaps martin would have expected . Mark thats a very good question, very interesting. Platformeir siri voice is not open to developers, where one startup can make a speaker device, put siri on top of it and add their own flavor. But microsoft with cortana and amazon with alexa have recently started offering their Voice Service to be used on other startups devices. Kardon carden harmon is coming out with a device. It will take time to penetrate. The bigger story here is the services that go with these voiceactivated systems. What kind of music do you want to subscribe to . What kind of video platform are you going to subscribe to . Its about keeping players to their customers, sticking them together in those ecosystems. The last thing that apple wants his people to use their iphone and an Alexa Speaker and a is people tonts use their iphone and an alexis windowsr and a pc. The speaker is just one component. Caroline get addicted that seems to be the advice. Mark, always great analysis from you. Martin mignot raising some really valid and interesting points. Now to a story that is out of this world. S,ter more than 2 1 2 year Richard Bransons virginie galactic is poised to virgin galactic. Full passenger operations should start by the end of 2018. The update is the most detailed since the crash of their original spaceship 2. Analysts voiced concern over demand for teslas model3. What does elon musk have to say . We talked to the man who wrote the book on elon. Tracy this is bloomberg. Caroline tesla shares tumbled over seven cents in wednesdays trade. Analysts have concerns. Goldman sachs and Keybanc Capital markets said that high demand may hit a plateau. Earlier, i spoke with Bloomberg Technologys ashlee vance, who wrote the book on elon musk. Ashlee we can look at the s and x sales, but the model3 remains this maker big product this make or break product for tesla. Over the weekend, we heard from elon they will ship about 30 model3s this month. The good news is this car is arriving much earlier than tesla products tend to arrive. Its almost on time. The bad news, of course, is that they are talking about kind of this ising 30 cars, and definitely not mass production like we are used to seeing from other automakers. But, really, over the next year, two years, its how the model3 sells that will define tesla. If you are an investor of the company, the only way to share price makes any sense right now is if the model3 the only way the share price makes any sense right now is if the model3 does well. Caroline the selloff we saw today that seems to be digesting those numbers we got late monday, prior to the u. S. Holiday, coming from model s, model x sales, and they did seem to disappoint. Is there an issue that potentially there is a plateau going on . Ashlee a little bit. Tesla seems to blame the lackluster sales on trouble getting a battery pack. That has been concern been haunting the company forever. How many rich people are there that can buy a car that really starts at about 100,000 after you start a clipping it with a few things start equipping it with a few things . Ive been amazed to see how many are out there in Silicon Valley. Theres more wealthy people here than i ever imagined. The same in los angeles. You wonder how this plays out globally. Maybe, finally, that car is starting to stall a little bit. Thats where they make their much higher margins than they will make on the model3, so its a problem is that stalls out. Caroline if the model3 eats into demand, do you think people would rather go for the 35,000 car that still has the tesla finesse or would they still rather go for the luxury s and x . Is ae the model3 problem. You can buy into the tesla story or elons story and still get this amazing gadget. Elons been pushing very hard for people to realize the model s and model x, these are luxury, highend vehicles. He wants those sales to keep going. But i think theres no question that these early adopters, just people who are into technology and want to get into tesla, the model 3 is going to be the obvious way to go. Certainly, it is not just a sort of easeddown version of the model s. Its much lower and its much lowerend. Its going to convince people of that. Caroline what will it must be doing what will elon musk be doing . How will he be trying to negotiate these, pardon the pun, bumps in the road . Ashlee he is relentless about these things. Part of it is just the shine. Haveodel x and the model s become a status symbol of sorts, and so, that, i think, will carry on. It will be there will be people who want to buy the best thing that tesla is selling. Elon will have huge events for the model 3. We see him on twitter all the time, talking about, yes, we have this car coming, but still think about the model s and the model x. Elon is religious about this stuff, and he has this gift elon is relentless about this stuff, and he has this gift that others dont have, this free advertising on twitter that is very powerful. Caroline do you think they can push forward and meet these very lofty expectations that are currently being baked in to the share price . Ashlee in my gut, no. Tesla has struggled with manufacturing for years. If we know anything, its that the shipment numbers almost definitely will come in under what the company is having us think about. I think with the share price, though, this cant be based on just a sixmonth thing. How many model 3s do we ship through the end of the year . Its a oneyear, twoyear story. If they can make them at high quality, then the tesla story gets very good. If they struggle over a long period of time, its a huge issue, because all their competitors are coming with electric cars. Their quality is very high. Every month that ticks by is at teslas this advantage. Teslas disadvantage. Caroline elon remains number one shareholder in tesla. Hes got more than 20 of the company. Hes clearly got skin in the game. Do the investor base, those sitting around in Silicon Valley, worry about the fact that he has so many other distractions, looking at spacex one day, looking at another the next . Ashlee i think people worry about this, but, if weve seen anything over time, its that the companies seem to be Getting Better at delivering on all the things that elon promises. He seems to have much more credibility than he did, say, eight years ago when the companies were really struggling. You look at this guy and youre like, theres no way he can possibly do all this stuff, yet he actually seems to be Getting Better at it. Spacex has really hit its stride. If tesla can get the model 3 out, it buys elon a lot of cred and it would be a remarkable achievement. Caroline that was Bloomberg Technologys ashlee vance. Staying with vehicles, all of volvos new models will have an electric motor starting in 2019. They will offer both hybrid vehicles and those that are fully electric. They say the policy reflects the wishes of customers. Amazons proposed deal with whole foods could be a game changer for food delivery startups. Whats next in the space . This is bloomberg. Caroline now, a big milestone for lyft. It has announced it is now providing over one million rides per day. The company says its service, which is only available in the united states, has spread to cover 80 of the u. S. Population. The announcement highlights the companys growth and momentum as it continues to battle with uber, note it does have a way though it does have a way to catch up. Uber reaching 5 billion cumulative rights worldwide rides worldwide. Amazons acquisition of whole foods is peaking interest otherqued the interest of companies. Still with us is Martin Mignot. Is an investor in going back to 2015, you wrote a piece saying the 1 billion food tolivery wars would eat in the dominance of Traditional Grocery retailers. Its happening now. How much further has it got to go . Are we hitting saturation point . Martin i think its the beginning. Im surprised its taken so long for traditional retailers to enter the space, to start realizing that they have to do something. Its really taken a long time for some really wellcapitalized, cashrich companies to really move, but i think its just the beginning. Food penetration in the u. S. Is close to 1 or 2 . Its a bit closer to 5 in the u. K. On average for the rest of the retail industry, its close to 25 . Food is much harder to deliver. Its fresh. Logistics are compensated. I think are complicated. I think there is still a way to go. I would be focusing more on the takeaway market, which i think will eat in the grocery market eat into the grocery market. Eventually, cooking may go the way of caroline even though we love reading about food and watching it on television . Martin i think it will be really nice for some people, but people it takes a lot of time that a lot of people may want to spend withmething else, playing their kids, learning new things, reading, playing games, whatever it could be. They are outsourcing the process of cooking the food. That will take a larger and larger share of the household spend. Caroline how does the whole foods amazon deal impact the likes of that which you are invested in . It clearly impacted blue apron and its price when it came from an ipo. Does it not compete in quite the same way . Martin i think they dont really today compete, but i think they will over time. The shift is only going to go one way. People will want more and more convenience, more and more of their work being done by other people. More free time. Thats what Companies Like this are doing so well. People want more of that. The price point is still a bit too high. A big driver is reducing the cost of food. Caroline how do they do that . Martin how they do it the main way is going to be around owning their own infrastructure. Ofs is this network container kitchens. Now it is a professional kitchen in normal buildings as well. You have this liveryonly restaurant this deliveryonly restaurant. If you want to open a restaurant on high street in u. K. , it will cost a lot. The bar is really high. That goes into the price of food. If you dont have those very high entry costs and rent, then you can start offering food for a much lower price point, then you open up the market massively and start eating away at the grocery markets. Caroline fascinating discussion. I wish it could go on much longer. Its been wonderful having you here. , my guest host for the hour. That does it for this edition of Bloomberg Technology. We will be back in london for thursdays show, and we will be the hour. A guest for Bloomberg Technology is Live Streaming on twitter. Check us out at 5 00 p. M. In new york, 10 00 p. M. Right here in the city of london. Thats all for now. This is bloomberg. From our studios in new york city, this is charlie rose. Charlie David Mccullough is here, one of this countrys best known historian, hes won two Pulitzer Prizes and the president ialed me oofl freedom. His new intook a cleck of speeches hes delivered over the last couple of decades. Its called the american spirit who we are and what we stand requester. Im pleased to have him back at this table. Youve been outspoken about president trump. David i have. Along with a great