Off today just a few blocks from here in san francisco. They open up the summit by introducing a new cloud for the internet of things. This is a way for customers to make sense of all the data coming in from different kinds of devices. Joining me now to discuss all things dream force, executive Vice President at microsoft. And from new york our senior , analyst for bloomberg intelligence. What do you think of this cloud . It is a big deal for any company right now. Predictive analytics is becoming the way you want to differentiate your offering. Almost every Software Companies getting into it. Emily talk to me about why microsoft is at dream force this year. Peggy this is our second year at dream force and we are in an innovation sponsor. We are here he comes of our great partners. Hes giving the keynote on wednesday. He will be talking about our three ambitions. Reinventing productivity and business processes creating a experience and building an intelligent cloud. Emily talk to me about that relationship. On one part your partners, and there is another part where microsoft is becoming more competitive. Peggy we have areas of competition, but weve many more areas of synergy. That is what we are choosing to focus on with their sales force partnership. Since the past year when we first announced a partnership, we have expanded in a number of areas. We have a Salesforce App for outlook. With deeper integration between our one drive in short products. We have new integration with salesforce and our Business Intelligence solutions. Emily how would you say this increasing partnership is working out for customers . They opened it to the compartment. Almost every Technology Company has been something that has been noticed. Theyve done a very good job about it. Especially with salesforce, it really helps them to expand their applications. Emily we talked about salesforce and microsoft as partners. The chatter has gone so intense that people claim that microsoft tried to buy salesforce. Would it ever go down that path . Peggy i would just say that we are great partners. Part of that is Satya Nadellas focus on partnership. He sees the value of driving a partnership with good collaboration on both sides. That is where we are focusing. Emily you were his very first hire. What attracted you to them . Peggy it was a big change for me. I had watched his progression and i was curious about his vision. He seemed so different. Out of the blue and i got a call to come and look at the role as the head of Business Development and got to meet him in person, and he is such a change agent, i was all in. I picked up and moved to seattle. Emily i wanted to hang on for a second because we are getting some breaking News Headlines out hp. Saying it will be cutting 25,000 to 30,000 jobs as a part of a restructuring. I recently spoke with meg whitman, and she did say that more job cuts would be coming. Were trying to figure out exactly where they are coming from. You cover hp, it has always already been through a lot of pain with meg whitman coming in and trying to turn this around. What do you make of these additional cuts . We have to see where the job cuts are, but something you can see is that they are not competitive and in services at this point. Regainingompanies are market share. We will have to see where these job cuts are coming, but im not surprised given their week weak performance in the services business. Emily these comments coming from the hewlettpackard enterprise cfo, speaking at a conference. Where do you see the fat when it comes to Hp Enterprise . Where do you see the room to trim . One of the most important things a lot of Service Companies have done is moved their staff to offshore locations like india and the philippines. Hp has not been as aggressive as some of the other companies at this point. Hp has been behind. So it is possible that this , could be an aggressive move to cut down cost and be more competitive out there. Emily how optimistic are you . Obviously, when i spoke to make, she said, whenever jobs, these are hard choices. But it certainly seems that she has been able to make these hard choices, not the least of which was flooding of the company. How optimistic are you about the future of Hp Enterprise with meg whitman at the helm . A lot with depend on how they position his company in the future. Pivot it . Y give it if they have the idea of outsourcing business, theyre going to have a tough time. But if they do cloud analytics, then they have a shot at getting back to growth. Emily our Senior Analyst at bloomberg intelligence, thank you so much. I want to bring the president of microsoft back in. We were talking about partnerships and working with such in the download. And talking about hp, there are a lot of changes going along and the tech industry. What makes you so hopeful about his decision and vision at microsoft and for partnerships . Peggy we have always had an active Partner Network and at microsoft. But we have not always partnered well, and innovated alongside them. I think that is the change we see. He recognizes the importance of working with partners. I think you will continue to see surprising relationships in the year ahead. Emily you have strong with uber dropbox and aol. , what does it take to get those kind of deals done . Peggy we have a culture at microsoft where we are customer obsessed. We want to make sure we are Good Learners and listeners. We take that very seriously. We took that into those partnerships that you recognize. For instance, with uber we have greattogether a partnership with uber where we are getting ready to announce a deep integration. If you have an appointment in your calendar it could pop up and fill in the destination into their field already. Very seamless, a Great Customer experience. Emily thank you. Were looking forward to hearing him speak. Coming up bill gurley tells me , what the slow down and china means for investing here in silicon valley. Emily breaking news. Hp cutting 25,000 to 30,000 jobs as part of restructuring. From the cfo. That is a lot of jobs. Cory theres a lot of jobs on top of the other 50,000 they are going to lay off understand the context. For more than 15 years they have been taking onetime restructuring charges and the extent of those charges past the business already is really bad news. Not the least of which are the for the additional 25,000 to 30,000 people that are going to lose their jobs. These were layoffs that were supposed to happen when they came in. Now another 25,000 to 50,000 on top of that is an enormous number of jobs to be cutting. Emily what are you saying . Do you think that these could happened sooner or should have happened sooner . Cory the way they account is very important for people to understand. Hewlettpackard likes to take it as an extraordinarily onetime thing. They say it is here are results. Hp losses might look better if you accept their nongap discussion work, earnings or losses. But, in fact, the restructuring charges, because they are consistent item with this company, they might make the results look at little bit better on the operating profit line, but it might suggest that the Company Going forward is expected to have a lot of problems. Emily im curious to hear what your take is. How optimistic are you at about hp . Cory when you have a business with a Bad Reputation and a manager with a good reputation. It is the reputation of the business that survives. Reputation hewlettpackard is performing a lot harder. They have done ok in this timeframe. Cisco has been ok in this timeframe. You see losses for Hewitt Packard on the revenue line. Meg has maintained all along as we are doing a lot of acquisitions are going to spend a lot of money to grow our top line. They have not been able to do that yet. Now we see their prediction for the future of the business when it is to businesses is also going to be bad and require continued restructuring. Emily turning now to china. Stocks dropping for a second day. The biggest twoday loss in three weeks. I spoke with bill gurley earlier today during a panel discussi, and asked him about volatility overseas and how worried he is about it. There seems to be enough evidence now that there is some type of slowdown there. Both from an export an internal consumption stand right in the standpoint. The only reason it is interesting in my mind is because with a late stage investors are enacting here. Part of what happens with investors is they can very quickly go from being overly optimistic to overly skeptical. They are on super optimistic or super pessimistic. It can cause these huge shifts. Halffull guy asks very different questions that i alfempty person. So if this skepticism there is some risk that skepticism could go into the late stage investor market. If they get their butts kicked over there they will not stay hyper optimistic here. It is just Human Behavior that is hard to continue to act that way. Emily how is this affecting your strategy . Our firm has taken a more conservative attitude in the past couple of years. You can see a decay in the quality of the opportunities that entrepreneurs are chasing. Less differentiation. I would offer one caveat to that which is if you look back over , if you look back over history the really grate outcomes, the day they start seeing blue independent of whether they were in the cycle or not. Emily we may be at an inflection point. How far away is bottom . How many survive . We have moved from everything is rosy to where we start to see cracks. Historically, that has led to a change. I am of the belief that there is an 80 chance we are headed toward the kind of thing. I cannot prove that. The unicorn question is interesting because there are two dimensions likely cause that. One, just a normal correction could have some amount of impact on a percentage of those companies. There is another thing though, going around meme about staying private longer. It is interesting, they publish this thing where they studied 3000 companies that had gone public. Of those 3000, oh green light hundred made it 200 million in revenues and two thirds of that went public on less than that. They never made it to the desired revenue. So, if we are going to stay private longer, the number of companies that actually make it out is going to be exponentially lower. Emily now to a story we are , twitter partnering with square , giving u. S. Political candidates a way to collect donations tweets. They currently share the same ceo. Jack orsi. Ck dorsey. Square charges 1. 9 transaction fee. Twitter does not take a cut of the donations, but campaigns can pay to promotes tweets to specific users. Now, another company we are watching, snapchat. For . 99 you will now be able to replay three snaps that have disappeared. There is a catch. You can only replay a single snap one time. Up next, what chicagoans are doing to fight back against the sty costs city socalled netflix hack. Emily it is time for the daily bite. One number that tells a whole lot. Todays number is nine. 9 , chicagos infamous cloud tax charging residents on streamed videos and music. But, some chicago residents have had enough. A group of chicagoans are suing the city on the socalled that netflix tax. They are saying it violates a statute. The city says it will fight the lawsuit. That tax reportedly brings in 12 million a year. Another story we are watching today, jeff bezos unveiled plans for his startup to build a rocket manufacturing plant. The launch site will be in florida near the Kennedy Space center. The company is spending more than 200 million on the project. Eventually blue origin will be competing against the joint venture of Lockheed Martin and boeing and spacex for commercial rocket launches. Staying in space today, astronaut scott kelly is officially halfway through his oneyear mission on the space station. It is a recordsetting project that will help nasa understand longterm effects of space on the human body. Something we need to know before we can send humans to mars. Joining me now for a status update on the mission, dr. Julie robinson. Shes with me from houston. Thank you for being here. How is it going six months in . How is he doing . It is a Great Mission going so far. Scott is doing great. He recognizes that some of the different psychological issues and challenges of seeing locked of being locked up in a can for a year are going to take lace. He is a grace periods and he is working hard on his research. Emily you are also studying his twin, mark, on earth. What are the surprising things that you are learning about the both of them . One of the things, if the but if you think about what it is like when you visit your doctor, it has changed dramatically in the last 5 to 10 years period that the blood test look at genetic information. We personalize cancer treatments. We have to understand what it is about certain astronauts that helps them to be healthier with in space than some of their colleagues. That is really important to know over the long term so that we can send a crew that will be safe and be able to complete a mission like a mission to mars. They are the first ones to say study us while we are in orbit. Study us back on the ground. They are identical twins, some of his powerful genetic data. That opens up a set of studies that were not possible before. Emily what specifically have you learned that will enable you to send someone to mars . What has given you more more information that would give the mars mission a success. One thing that is really important is we are evaluating how to keep scott are losing from losing vision while he he it he is in space. What we have discovered over the last three or four years on the space station is that some astronauts lose some of their vision while they are in space, but some do not. Some astronauts, when they come home, in a few individuals it is severe. We have a hypothesis about how that is happening. It has to do with the fact that when youre in gravity, all of the blood flows into your legs. Your heart has to pump it back up. When youre in space, all of that blood flows into your head. There astronauts we know that have puffy faces. We think that is putting pressure on the brain and on the optic nerves. It compresses the eyeball, and can damage vision. So to study that on the space station, both scott and his cosmonaut counterpart are doing a series of eye exam and we are putting them in a russian device which is a lower body pressure device. It is essentially a pair of pants that draws the fluid out of the top of their body and down into the bottom of their body and were able to use our ultrasound to look at the movement of those fluids. That will help us to design the right set of medical treatments to use for crew members that is that are going to be a no gravity environment are long time. Emily that is fascinating. Talk about a sacrifice for the greater good. We will continue to track scotts progress. Thank you for joining us today. That does it for this edition of bloomberg west. Tomorrow, do not miss my interview with ciscos. We will be a dream force all week long. I will be speaking with mark benioff. Announcer from our studios in new york city, this is charlie rose. Charlie we begin this evening with the 2016 president ial race. Speculation growing around the potential candidacy of Vice President joe biden. In an emotional interview on late night with stephen colbert, he questioned whether he has the energy to run. Vice President Biden i do not think any man or woman should run for president unless number one, they know exactly why they would want to be president. And two, they can look folks out there and say, i promise you you
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