To google for work. Google are trying to get a bigger piece of the Corporate Technology pie which is projected to hit 1. 6 trillion this year. Speaking of the corporate market. Concur technologies is ask boring exploring a sale. It has approached sap and oracle though oracle declined to pursue a transaction according to people with knowledge. Loombergspoke to bv west. The opportunity to grow this business to be a multibillion Dollar Company is very real. Ande are 11 million uses the total of our products and this is a market that we are going to be able to see a quarter of a billion users comfortably. Now to our lead story. Should you be concerned about your data if you are one of the millions of people using apples icloud or if you shop at home. Epot where apple says the celebrity werents are not compromised by a targeted attack. A city are working with authorities to investigate a data breach. Shares dropped the most in five months. And johnson is joining us our guest. Were speaking about apple earlier. Apple is saying icloud was not breached. As far as you can tell based on the statement, what happened here . That is pretty much in line with what we were discussing before. The attacks were highly targeted specifically toward the celebrities. Using social engineering or guessing their passwords. Usually if an attacker, they can gather a lot of information, they can begin to guess on their security questions, possibly what their passwords are. The photos were taken is apple at fault in any way . Is anyone who is an apple unit user be concerned . The service could obviously improve security. Making it the default choice. Board Cloud Services can improve security not just Apple Services but across the board. Cap willinds of things do to make things more secure . Rex they have two indications. One thing i found is it is incredibly difficult to find and implement. I think raising more awareness around existing security tools they have and provide training and better Educational Resources can do a lot to help protect that information. It is also scary that your apple for buyingo accounts apps and things like that. Authenticationt is critical. The bigger man is just a week away. We are expecting them to unveiled two new iphones as well iwatch. Sible and that requires us to give more sensitive information. How big a deal is it, we are talking about health care h ealthkit. That will tell us. It is about how this happened and why. The how might tell us the wide. , was it a sense that the incredible and penetrable wall of apple or was it the incredible appeal of naked celebrities that drove this thing . It always was more that celebrity factor. Apple itself on the back and has had a lot of room for improvement. When you sign into gmail they keep track of your ips when you login and they have systems that collaborate. As you mentioned as these things control more information, they should be. Homets talk about this depot incident as well. It seems everywhere, nothing is secure. Ast are we supposed to do users with credit cards . X about a year ago a reporter asked me what i would do to help my best protect my information and i said i get a new credit card every three months. Restaurants when they are out of sight and at all these different stores. And seeing all these data enough to am paranoid where it is easier to get the new credit card. It is a hassle to go through and reset your automated payments but having that piece of mind is more important. There is more retailers are going to be coming out with announcements. One or two a week. The secret service said there is so5 is impacted iowa family we will see more shoes drop. Dei fbi also investigating. Can we find the people who did this, can apple and the fbi find these people . Absolutely. Forensics experts have gotten more dance through the years and the people that usually execute these type of attacks not really criminal motivated attacks but more just for fun attacks. They are not very good at hiding their tracks. In 2011 the last person who had liberties got 10 years in prison. Would you guess that this is a single hacker or a ring of hackers or hackers who are not necessarily related to each other . The ones that are targeting individuals, it is a Loose Knit Group of folks that are involved in that. With the hack hitting the Retail Stores like home depot, that is a much more Sophisticated Group and odds are they are operating outside the u. S. And that raises a big challenge to be involved in some discussions with people who work those cases. With those credit cards when the end of in russia and Eastern Europe it is almost impossible to follow up on the investigation from there. In many cases these organizations operate with impunity within those countries. Here in the u. S. , it is more difficult to hide. Odds they will not be able to find them. You you will be in cupertino at this event. Will we hear anything at the time . The topic is so salacious it is hard for it to go away. The homession about depot attack will go away. The target attack is only discussed i those in the industry. I suspect this will linger for some time because there is such a salacious element to naked celebrities particularly in our culture. Theres nothing like it. We will continue to follow the story. Our guests. And thank you all. Started with selfies on your phone. Takele are using drones to selfies. We give it a try next. It is running out of batteries. What is 20 billion on the new york stock exchange. The roadshow was expected to start this week. It has been pushed to next week. The fcc wants to answer some questions. In san diego. Also with us, founder and sica wealth management. What more does the fcc need to know . Fcc wouldre told the come back for comments and depending on the extent of those comments, how detailed they were, how much more information they needed, that would determine when they would start the roadshow. He was not able to tell me what secfcc was looking for was looking for. Have anything to ali payth the situation . They have addressed alipay. \ they amended the cap. Something likely else. Red flagsis raise any for you . It does. Has been able to operate, survive and thrive in this cloud of secrecy. They have been able to execute a Business Plan which seems like anyonesly without knowing are understanding the model that they are able to achieve these types of results. It does concern me because transparency, if you look at any of the clouds on the horizon, transparency is clearly one of them. Tech analyst for many years. I know you have been nervous about them anyway. Nervous to the 10th power now. I am still very nervous about it. We can speculate about what the cause of this delay was. There were some things in the most recent filing that were in settling and it would not surprise me if there were more questions about them. For example there was this procession of onetime items on the expense and revenue side. They revalued the number of their investments and treated that as income for the purposes of their income statement and cash flow. It seemed fairly capricious in terms of how they did that. Not a lot of justification. That will be a pattern. That raises a lot of questions about how they land to account for this. You will see wild fluctuations in cash flow. What is income in a company like this that has been built up i acquisition . What is the top question on investors minds as we get closer to the roadshow . There is a number of questions but is alibaba going operate under the standards of the new york stock exchange, are they providing enough transparency that investors will be confident and willing to invest and what is the sustainability of the model, that is very important because we are dealing with a model that is somewhat untested. Is much largerat than anyone anticipated. This companyif that has done very well in china has some potential in europe to see whether it will carry over into the u. S. And whether investors will embrace it with very different transparent ideas about transparency. We cannot forget that this is their second ipo. Well. Not go so what are the similarities and the differences . The backdrop is very similar. You have stocks skyrocketing. They were reaching every day. He knows how to time a rally. And as you remember it was many times oversubscribed. Pop in itsgnificant first day. We might see a different situation with the parent company. It is harder to get multiple time subscriptions as well is a isger firstday pop but it interesting timing. There are some interesting similarities. That did not continue back then. We will be watching this time around. Thank you so much. Us and sticking with more with you after this quick rate. We will be talking about mover which has been banned from operating in germany. Will other countries follow suit . That and more when we return. Welcome back. I am emily chang. Attack still organization has won a ruling that could halt over in germany. Drivers didnt have the permits to operate. They have plan to appeal. Could it be a blow for uber . This is the First Nationwide ban of uber. Variouseen banned in cities. How big a deal is it . It has the potential to be a big deal. Already being scolded for this a little bit. The eu digital commissioner who has been strongly on their side throughout most of the european travails came out saying this is not the way we want to support innovation, digital or otherwise. This is the wrong approach. They have been ostracized little bit over these actions. You cannot put the brakes on progress. It sounds like what they said when they ran into regulatory issues elsewhere. This court has no enforcement capacity. As i understand it, uber is still running in germany. Uber continues to run and the officials doing the strongest statements are not doing themselves any favors. Is kind ever mark kabul sort of rhetoric in terms of trying to make this a very charged idea instead of being the defense of a very expensive taxi cartel. It has some of the highest rates in the world. It is affecting uber pop but not their black car service. Does this impact expansion plans elsewhere in europe . Uber wants to take over the world. They do. , this know travis at all emboldens him. It is like that line about wrestling with a pig area travis likes the stuff. It is what he expected the reaction would be an he is getting what he expected and he will continue to do what he is doing. I expect some concessions as we go through the path. Toward training and other things. They are not going to stop the run in europe. They see this as pricing arbitrage. We have been talking about uberggressive efforts that takes to recruit other drivers, not so favorable to the competition. Does this impact their brand or is it clear that people will still use it and they do not care . X i do not think people care. The service is so darn useful that and the competition is so woeful in terms of taxis, this will continue to be the sledgehammer to the market it has been. Kedrosky, thank you for joining us. Microsofts biggest enemy may not be apple or samsung. Why chinahina rated the companys offices next create next. Time for on the markets i am julie hyman. He could not hand hang onto that record high. S p gaining and Energy Stocks were the big laggard throughout the session. More bloomberg west is next. I you are watching bloomberg west. Microsoft is facing antitrust pressure in china. Theyre looking into how microsoft where cells Windows Software and applications. Authorities launched a probe and raided offices in july. The ceo will be traveling to china later this month. A spokesperson said the trip was planned before the government investigation it begin. Could chinas antimonopoly probe mean . York. G us now from new the author of the coming collapse of china, and we have teachesans, who antitrust law. Being challenging toward you is one thing but reading microsoft offices is another. How serious is it rest of our for microsoft it is pretty serious, when you have one of the antimonopoly agencies launching us in the a significant investigation. It is something that if i were running microsoft i would take very seriously indeed. What exactly is the Chinese Government so upset about western mark it is not clear. One of the difficulties would the investigations that are taking place in china. It is not clear that the early stages of the investigation, what exactly the allegations are. In the case of microsoft there microsoft concerning [indiscernible] and how it is dealing with antipiracy, but the full we do not know at this time. What good can the visit do . Gos going like tim cook twice a year. He has been making an annual pilgrimage but it has not helped his company. Authorities have been attacking apple at every opportunity. People say you have to go to china and show if you want to be the tribute to the chinese, there is a little bit in that. 12 star to do that you show weakness and the chinese authorities always jump and when we look at what happened to google and what happened to apple when their guys went to china, this is not a good story for microsoft. Microsoft is not the only one facing the only the only u. S. Company. You have tell and qualcomm. That was put a law into place in 2008. Why now . The point is exactly what you just said. It was a lot that was passed in 2008. I has been existence it has been in existence for six years. This is a baby antitrust law. It took about 50 years for the european commissions antitrust authority to come to light and act as a professional agency. Antitrust in china is a new thing. One of the things that youre saying now is they had to take some time to learn and we got there staff and figure out what they are doing. Antitrust isto how quickped this is fairly for china to take the antitrust law seriously and to be using it progressively. If anything is surprising that they are doing this as early as they are. Vehemently been disagreeing. What do you have to say . Law is not important. This is not a system of laws. The problem is that state enterprises have become very powerful lyrically inside the chinese political system and theyre undercutting foreign business. This has been going on for quite some time. You have political distress among Senior Leaders and you cannot compromise with foreigners. This is a closing of china from the rest of the world. We see it across the many different platforms and i think this is something fundamental. This is not just an issue with the antimonopoly law. Do you think it is that serious, it is that fundamental . I do not think we know that. Very early days. There are a number of dynamics going on. Issuesve some serious with the United States as a result of the snowden low back. I understand gordons concerns. It is too early to make these kind of tweaking statements. If i were an American Company at this point i would certainly be cautious in dealing with china. There are some issues i would want to Pay Attention to. In terms of making a decision that we have reached the point of no return. The other point that i would make is we need to give china some credit and that this is a vast communist country as of 20. R 30 years ago this is a capitalist society. Not in all the ways that we would like but in some ways we can certainly respect. The American Chamber of commerce is calling this a crackdown. How often do you hear that kind of language coming from the u. S. . Of rare. S sort American Companies and trade organizations have been very cautious about criticizing china. We have seen china going after multinationals for about five years. The chinese authorities have been going after microsoft since 2007 on a number of different issues. We do not see this not just antimonopoly, we see this rubbery law and everything else. You have discriminatory enforcement and now Foreign Countries companies are starting to say something. People realize how serious this is. This is not just a oneyear problem. This will be perhaps many decades to solve. Rex we will be closely following the trip to china later this month. Thank you both. Companies developing drones, how can you make sure the travel safely . Enter nasa who is working on an air Traffic Control system. More coming up. With rising tensions in the San Francisco bay area over inequality, one company is trying to lessen the divide with technology. Handout can connect owners with individuals with needs for health care. With theson sat down ceo to find out more. It is a direct donation system for others in need create if you donate to a specific person you want to help. We are a software company. Donations we build with donations and partner with nonprofits who are serving the homeless and the use our software. While were looking at the lending club is not altruistic. You have an outer stick way to connect money to people who need help. We have seen for a long time since where people can post different hardware projects or videos they are making and so far, there has not been a way to help fund raise for basic needs like food, housing, medical care. What we see is a lot of innovators are using sites like kick starters but they are not tailed they are not specifically for this. And onel come in of our members came in and she makes these dolls and hats and she wanted to sell them on the street but she needed a license. The nonprofit did not have funds to cover that but they told her if you want to fund raise from the community i can put you on handouts. They posted her profile and in about a week her campaign was full. She went back to the nonprofit and the road to check and got her Street Vendor license. Do you find that people making these contributions have , hopingent connection for the success of the person they funded . Wethey said we want updates, want to send messages, we want to communicate to ridley with the people where helping. The beneficiaries were saying who is helping me, why, and how can i help them how can i thank them . It helps the first person to say i have to make this work. I have these people, the did not make just an anonymous contribution. They gave me this money and i them. Ave to answer to people have goals and it helps them be able to save until they reach those goals. It is interesting to meet in the middle of the context of of the global bosses. The notion of whether it is real or not. This is an example of technology giving back. There is awareness about poverty in the u. S. Ande were so many efforts we are saying what can we do about poverty in our own communities and how can we use new to knowledge you to make a difference . I would disagree. Get morehe kardashians page views. How bad is poverty right now in the areas you are serving . Across the u. S. We see 2. 5 million americans who experience homelessness specifically. And 50 million americans who are living below the poverty line. For a family of four. We talked about how big this is and the people you have worked with. In sanaunched our pilot francisco. They have signed up 100 of their clients and what we saw is that the average client was able to raise 200 dollars a month. Handouts for all different needs. Since the pilot completed we started expanding so we have in sanew partners francisco. We are going across the nation. Were open to working with new organizations. Next, i seek a drone take a drone for selfie. There is me and brad stone. Welcome back. Selling itsll start humanoid robots in the u. S. By next summer. It is called pepper. It can estimate human emotions. Paper will go on sale in february for 1900. At robot will be sold [indiscernible] stores. Amazon google amazon, google, facebook. Check out this phase. A drone. It. S do what do we got . This is a somewhat annexed pensive but fun toy. Is made by a chinese company. A drone. They have a camera in the bottom. You have a rate game controller and you take videos. Dronies. E about it is the drone version of a selfie. You flyer expensive drone and take a picture of yourself. Easiest thing to do. You have been working on it. Is not that easy to configure. They can make it more usable it userfriendly. I made the mistake of flying out here. I have heard of some people who lost their drones in the bay. Sort of classic journalism. Ie account. Has a dron i am starting to see dronies man. Burning lets give it a try. Ok, landing. Whoo captain stone. Gimmicks . Things just. These are small a end. Ia very low not to mention [indiscernible] all right. Was hurt but we did get our first dronie. They are irresistible. I keep wringing it out and playing around with it. Im not going to say it is not worth 1300 dollars but it is fun. Controlis working on a system. Google announced its next project. He wants to enable the drone delivery of product as well. Just like the air Traffic Control system managing all kinds of air traffic will see some line. See her trying to push new regulations into drones . Kreider candidacy is still hypothetical. Is living canada that candidate. Abouts to be careful google initiative. Million. By aideo was taken technology executive. It is legal. It is legal to fly drones up to 400 feet. That is where he shot the video. Is incredible. Like the difference between a pie crust and burning man. Comments. Ite. Thanks for the selfie. We will see you later. Welcome to money clip, where we tie together the best stories and news from todays business news. We are going to talk about angelo mozilla oh, who is baffled by his connections to the financial crisis. And bob oshea tells betty liu what he meant when he said he had bigger roles in the u. S. Government. We talk about other sources of revenue in the age of fewer flights. And the jaguars are kicking off