Ferrari is heading to india. Sale. Ndred 85 million 125 million. Tee he will invest 20 million more at the company. Hong kong and china closed for lunch. Points. Seng up 96 the shanghai composite flat. The nikkei composite looking down. Time now for bloomberg west. Emily i am emily chang and you are watching bloomberg west. Patience is not a very for some other shareholders. Activist investors pressuring the company for immediate and dramatic changes. Survival of the fittest in the semiconductor industry. We will take a closer look at why so many Chip Companies have the urge to merge. Taking a plunge in a hightech treasure hunt. A new competition to map the ocean floor. First prize, 7 million. First to our lead. The hits keep coming at yahoo c. E. O. Marissa mayer. Less than a week after she laid out her plans to turn around the struggling giant, activist investors are turning up the heat. Over the weekend, one of yahoo s largest shareholders urged the board to begin selling assets immediately saying we believe the company should prioritize the sale of the core business, a portion of assets, or the entire company. Another investor says yahoo needs to cut 900 jobs, replace Marissa Mayer, and focus the core business on finance and sports sites. Joining me to discuss from toronto, managing director and author of this, eric jackson. Also with me for the hour, David Kirkpatrick. Eric, i will start with you. You have a small stake in yahoo . What is your motivation here . Real motivation is to increase the value dramatically of the company. I have been a shareholder often on but mostly on for almost 10 years since late 2006. I have seen a lot of c. E. O. s come and go. I have seen a lot of promises go unfulfilled at yahoo . I sat by and watched what has gone on for almost four years now with the current Management Team. It has been tremendously disappointing. And yet there is still incredible value in the company. I would like to see that extracted. I dont want to see it sold off for parts at a cheap valuation. That does not serve the longterm shareholders well. Emily springowl has 300 million under management. You have a small stake you acquired recently though you will not disclose the size of your holdings. Why not . With the size of our firm, we are clear about how big we are. We are not the size of starboard. Our stake is not the same as theirs. And yet i think my views on yahoo have been on the money for a number of years. We have spoken to a lot of the largest shareholders in yahoo over the last few weeks and have their support for what we are offering. We are putting forward a third alternate plan for the company. There is the border view we heard last week that everything is fine and we are going to go ahead with this plan and spin off the court. Then you have the starboard planned to sell now at any price to get rid of it and be done with it. We think there is a better path forward for shareholders. Emily you do make an interesting point that they could look into this issue for a year and decide they cannot spin off the core business. David, what is your take on erics proposal . The thoroughness is impressive and the commitment to thinking through some problems i admire. The thing i strongly agree with is the core of yahoo has committed value. This Company Still has an extraordinary brand. By some measures, upwards of one billion users. I am often made fun of on this program and elsewhere for still using yahoo mail. For my personal mail, yahoo mail works fine. 80 million other people like me seem to like it as well. Companies that wellestablished and entrenched with such contemporary products, even if they dont have brilliant management, can move forward from here. Im eager to hear his ideas in more detail. But i think yahoo has tremendous opportunity in its core still. That is what i like about the plan. Emily we are equal opportunity email users, so i appreciate your continued use of yahoo mail. Lets dig into what you think they should do. You say they might get 6 million for the core business now. If they do what you suggest, they could get 24 billion. If yahoo does everything you are suggesting, what does yahoo look like in two years, five years . In the ideal world, in two or three years, there would be a different Management Team in charge, a dramatically smaller yahoo . We would not have 12,000 plus employees. There would be more on the order of 3000, but they would be amazing employees. Morale would be through the roof because there would be clear leadership. The best and brightest are working at the Company Going after the opportunity in front of them. I think the company would be milking the Core Revenues they still get. 80 of revenues come from desktops, things like homepage and mail. While revenues are declining, they can probably last longer than people expect the way a. O. L. Dialup revenue has done that. They will be focused on new opportunities in finance and sports. Yahoo has got to have best in class mobile apps in those areas. There are opportunities still in things like overthetop for yahoo . They missed on version one under the current Management Team. But i think they could have another go at it and be successful. The cherry on top would be i would like to see a partner like Liberty Media involved as an investor, around the board table at yahoo , because i think someone like that can add tremendous value guiding on the restructuring that has to happen. There is a tremendous amount of value with alibaba and yahoo japan. I think the current idea of spinning off the core is not going to be the best course of action. I cannot think of anyone better than liberty to be part of the discussions to figure out the best steps forward and how to maximize value of the stakes. David here. One thing that has been said is this is a hard company to turn around. Marissa took it on at a time when this was a real challenge. I personally think she has made good moves. What do you think is the biggest mistake she has made . No question the biggest mistake is she did not cut headcount. She increased headcount after she came in, much to the surprise of everyone. One of the slides in the deck has a quote from Mark Andreessen in the days after Marissa Mayer was appointed. One thing he said at that time was he expected there should be Something Like a 10,000 person headcount reduction at the time. We have seen some cuts more recently. But we did not get that out of the gates. Some speculate that is the reason why dan logue left the board. It has been a backtrack for the Management Team. After they upped the headcount, they realized they were too fat given the revenues for a company that had to backtrack recently. But it is still not enough. Emily david, you have continued to express sympathy for Marissa Mayers position. Do you maintain that today . I feel i have to mention the woman had twins just days ago. Should we give her a break, just for a week . David i am not an investor. I am a Bigger Picture guy. I do give her a break in one respect. But if you look at the performance of the stock, it has been poor compared to assets comparable. I would not necessarily say i think she has done a great job. When i look at this presentation, tumblr spent all that money. What did they do with it . That is a legitimate question. Alibaba is the asset that has defined this companys history in the last couple of years. For whatever reason, marissa has not allowed the story to move beyond that. That is unfortunate. I think it has been a tremendously difficult task for anybody, and i sympathize with the challenges she has faced. Maybe she should have cut more people. Emily what is your response . The people i talk to who work in San Francisco in silicon valley, some of these people used to work at yahoo years ago. The talent that has gone from yahoo to other companies is staggering. When i talk to those people, folks with yahoo ties and those who dont, 95 of people are saying clearly is something wrong with leadership at yahoo . It is not working. They are never going to say that publicly because what is in it for them to be critical . Maybe the person they are going to say it too is a fan, a friend. This is real. I think these are legitimate concerns raised. Most people familiar with the company feel it is legitimate. I hope the board takes them seriously. Emily eric jackson on what yahoo should do. Has yahoo responded to you . They have only responded to say they are in receipt of the presentation. Emily we will see if they do. Let us know. David kirkpatrick staying with us throughout the show. Coming up, another twist in a tumultuous year in the semiconductor industry. We will walk through the millions of dollars that have changed hands and focus on what could be the next major plot twist. Emily it has been a busy year for the chip industry. M a has reached a 10year high with nearly 100 deals in 2015 valuing 110 billion. Some of the biggest deals of 2015, intel buying altera for 14. 4 billion in june. But why the rush of consolidation now . We checked in with our team of analysts. One reason, with hundreds of Chip Companies, the sector was fragmented and companies have been looking for balanced exposure. Another reason, rising r d costs. In 2014, intel spent 11 billion in research and development. Micron spent 1. 4 billion in 2014. Is it really cheaper to buy a company than it is to spend on its own r d . Joining us to discuss is ian king who covers the chip industry for us. I would like you to give us more color in terms of what kinds of chips are doing well. What kinds of chips are not . How is that driving consolidation . The Semiconductor Space is probably broken into three major areas. One is analog, dealing with realworld signals, audio, video, power. The other is logic, processing and computing. The third is memory, which as the name would imply is processing memory as well as storage. In memory, we have seen an incredible amount of pricing pressure. An incredible amount of weakness from a supply and demand balance perspective. There has been some consolidation potential driven by consolidation of factories and reducing r d. In logic, it is all about what products i want to be in and consolidation driven along those lines. I want to expand to networking. That was the predominant rationale for one deal. Then you have analog, which is a terribly fragmented market where the number one market share player which is Texas Instruments only has a 20 share. It is the smaller ones getting together to compete with the big ones or the big ones starting to say i do not have that particular niche area and i want it, so i am buying a smaller one. For a host of reasons, the area continues to be ripe for consolidation. Emily ian king has been reporting on qualcomm contemplating a split. What is the latest and why would this make sense . It depends on who you speak to. I latest reporting is they are going to against the pressure they have been under and not doing the split. Those that have argued it makes sense have said they are under tremendous regulatory pressure around the world. Get the chip business away from the licensing business and the regulators will leave them alone. Those that dont like the idea are saying you need a lot of money to invest in chips. The company gets a lot of money from the unique licensing model, 7 billion just from licensing alone. That pays for a lot of r d. Those who like the company as it is say stick together. If i could jump in, the split from a qualcomm perspective was a terrible idea. Our analysis has shown this is a company where one part of the Company Helps the other. The chip segment benefits from having intellectual property, the licensing segment. The chipmaking part shows customers how valuable it is. Splitting it up would treat it like an industrial company. In the long run, the value of both segments would be lower. This is a great relief if what ian is saying comes true and the company decides not to split up. Emily there are so many complex relationships in the chip business. Apple and samsung are rivals and yet apple buys a lot of samsung chips. Talk about the broader relationships and dynamics we may not be as aware of that may be driving some consolidation. I go back to what he said. This is getting more expensive. There are fewer companies that can build these 8 billion plans. Qualcomm does a lot of business with a lot of companies and outsources manufacturing. Samsung is a customer, a supplier, and a competitor, if you can imagine. Emily while still supplying chips. The modems. Emily thank you for giving us the lay of the land. Coming up, wall street turns negative on apple. Why one analyst is predicting iphone sales will drop for the First Time Ever in 2016. Emily shares of apple closing down 1 after getting hit by a trifecta of iphone estimate cuts by three wall street firms. Morgan stanley predicting sales will drop to the First Time Ever in 2016. Barclays cutting the price target and a warning from j. P. Morgan on the apple supply chain. Joining me to discuss, Vice President and mobile analyst at Forrester Research and back with us, David Kirkpatrick. It sounds a little gloom and doom. Is it that gloomy . I dont think there is any gloom and doom in a market that will see 500 million more smartphone owners at the end of 2016 than today. Emily do these predictions were you . They dont. There are about 7 billion people on the planet, about 6 billion of us have mobile phones. 3 billion have smartphones. Emily what is your take . We read grim predictions about apple. When people talk about it, they say it will be a little less amazing than they thought it might be. David i think it is funny and analyst firm drops their estimate of the future price target from 165 to 145 in the stock drops from 115 to 111. That does not make sense. If it is still likely to hit 145 or whatever analysts think it is going to do, you dont suddenly lose heart. I agree with julie. I think this is an Incredible Company that still has a unique position in the most Important Technology sector in the world. Because they are the highpriced and highprofit player, as more people want to get the best product in the area where they care most about technology, apples opportunity remains gigantic. Emily lets dig into this, julie. Morgan stanley is saying shipments will fall by 6 next year driven by higher prices in overseas markets. Also talking about saturation. Lets talk about the international markets. We were in beijing. They are working hard to localize products, which is something apple does not do. Does apple need to be more in tune to global interest . Possibly. When we say global interest, we are talking about china and india. Those are the only continents in the world with more than a billion consumers. Those are the only markets in the world bigger than the u. S. Emily should apple be doing more to reach those users . There are a couple of things you have to look at. In china and india, the size of the middle class or upper class is larger than in the u. S. , so there is a large market of consumers on both continents that can pay apples prices. If you look forward and talk about what will differentiate a mobile phone experience going forward, it is not hardware innovation. It is in software innovation. Nobody has a better chance than apple because they own the experience. Emily what about that apple might be coming out with a smaller iphone 6c . Is that smart or reactionary . Is that a good move . It sounds like a good move. As someone middleaged, i love the 6s plus. But a lot of men say it does not fit in their pocket. Emily we have heard steve jobs say you give people want before they ask for it because they dont know what they want. What do you make of a potential move like that . David he also said he wanted apple to be the b. M. W. Of computing. B. M. W. Has different product lines. If youre trying to reach billions of consumers in india and china, you want to give them the best products. The great thing about apple is it does not cost that much to have the same smartphone as elon musk or anybody at the top of the line. That is what everybody wants. That is what apple allows. That is extraordinary at whatever price. Emily David Kirkpatrick with us throughout the show. Julie, thank you for stopping by. The force may be with disney this week. We are talking star wars. The only way to get better is to challenge yourself, and thats what were doing at xfinity. We are challenging ourselves to improve every aspect of your experience. And this includes our commitment to being on time. Every time. Thats why if were ever late for an appointment, well credit your account 20. Its our promise to you. Were doing everything we can to give you the best experience possible. Because we should fit into your life. Not the other way around. Samsung is asking the Supreme Court to overturn the damages awarded to apple. Cut ofas awarded a profit on handsets using their designs. They will decide whether to take up the case next year. It would be to first Supreme Court case involving patent design in 20 years. The Commodity Index at its lowest levels in 16 years. There are warnings that prices could go lower it Stephen Roach says chinas slowdown could extend declines and he warns that some companies are in denial over the shift. The dollar is very important for commodity markets. If it does continue to strengthen, that together with continued concern over the prospects for the chinese economy will i think make it difficult for Commodity Prices in markets to rebound and turnaround so, commodities are after a super cycle obviously going the other way. Australias treasurer has confirmed a budget blowout. Blamed on falling commodities and weaker growth. Morrison says the underlying deficit will expand the 27 billion while the gdp growth has to 2. 5 . Sed down the deficit is forecasted to balloon by 19 billion by the end of the decade. Markets in the asiapacific today, here is heidi. The australianm treasurer weighing in on australian stocks. Nice gains from sydney earlier on the the hang seng is slumping at the moment, concerned that row in commodities will continue and what that means for the Economic Outlook in australia. Elsewhere, steep losses for the nikkei index. We could be getting the first rate hike in one decade. Gains in shanghai. Property surgeon to a oneweek high. Taiwan surging on account of strength across the Technology Names which i want to take you across. This comes after the story that workings a secret lab on display technology. That is outweighing the story about declining sales and iphone models. Pegatron advancing today in taiwan and we are counting down to the reopening in china and hong kong at the top of the hour. In a moment, we will speak with our middle east editor. First, earnings we are expecting. Coming out on wednesday with its earnings, and friday, we get numbers from blackberry. What can we expect . Joining me now, cory johnson. Also, David Kirkpatrick. What are you watching with oracle . Cory oracle, its part of this giant transformation to cloudbased software. The problem is they pay in tiny increments. The sale of new licenses has been challenged. The thing that they are not going to focus on is what is happening in licenses. If you look at the numbers for licensed sales for oracle, you see what they are having to fight off with the cloud, and you see those numbers going down over time. They will talk about the smaller business of selling in the cloud. Its smaller, yes, but its growing. The shrinking licensing business is a problem. Thats the Main Business at oracle but not the only business. You might see strength in the cloud business. We will see if indeed that shows a lot of hope for the future, as oracle would like us all to think that it does. Emily what about blackberry . I know you have been speaking with john chan, the ceo. They made a big move, coming out with their very first androidbased blackberry. Is it a good one . David i think the phone is impressive. Blackberry has a black eye in the sense that its going to be hard to get over, but the company is trying to transition to be a Security Software company. That has always been the single biggest reason why blackberrys were popular aside from the keyboards. The keyboard differentiation is pretty much lost. They still have an infrastructure, a network that allows them to do things with security that no one else can, and when you layer the most popular os for mobile on android, i think its an impressive possibility. John chan is a creative and resourceful ceo. Hes got a really tough job, and its never going to be the blackberry we used to use. Emily what is blackberrys greatest hope . Do you see any . Cory the best thing theyve got going is the cash they built up earlier this year, and it gives them such a long runway. One of the things john chen has been trying to do is making software a more important of the business. The Main Business is continuing to collapse. Software as a percentage of revenue is increasing. Software should be more profitable, although the truth is, they ran their hardware business wonderfully profitablely. The business is growing because the rest of it just continues to face plant quarter after quarter, year after year. Emily he is so kind, david, isnt he . I know you will be watching oracle for us this week. We will check back in with you on that. We will be joined by Elliott Gotkine who is normally based in israel. He is the middle east editor in tel aviv. Elliott is here in studio. You are going to be doing more reporting for us on European Technology companies, covering a big slice of what is happening out there that we dont normally talk about, but this week, we are focused on israel. Waze is a big Israeli Tech Company that google bought. Talk about the Tech Industry in israel. Elliott depending on who you talk to, more than 1000 israeli startups in the u. S. , the majority of them in silicon valley. About 350, and then you got 300 in new york, about 100 or so in boston, med tech and biotech. We are talking about Companies Like any do, and also Companies Like we work. You could class that as an israeli startup. Some are to open in San Francisco. Emily why is it that there is such a concentration of startups and hot upandcoming Tech Companies in israel . What is it about the ecosystem . Elliott i dont want to go with the usual cliches. A lot of tech comes out of the military. A lot of them are from the elite units, and they go on and use a lot of data analysis. Big data is a very big thing. Software, data crunching, they are hot on that, but you also have a lot of other startups. Many have read the startup nation book. Whether its the military, whether its the culture, whether its the risktaking attitude or saying they like to think out of the box and not follow orders even the army, they are shown to take initial initiative an initiative. As things have developed, youve also got vc culture. Instead of kids wanting their kids to be doctors or lawyers, they want them to be startup founders. Emily you recently talked to start a fire. Elliott theyve got bigname clients such as kraft, and what they are trying to do is to help brands who might, for example, recommend thirdparty content. It could be from a newspaper. It could be from bloomberg. Com. They want those brands to not lose those viewers but see them on their facebook or twitter page when they send them to look at something else. When i spoke with the founder this morning, he explained how it works. Start of fire works with brands to get them to share great content. Emily what else are you going to be doing while you are here . Who else are you talking to iago elliott tomorrow, im going to be running a story on a startup called nanodimension. Theyve created a 3d printer to create pcbs. We are running that tomorrow. We will also be looking at robo team, which has got some funky bots that help swat teams fight terror. Theyve been deployed in iraq, afghanistan. Weve got a roundtable debate thursday. Weve got david bloomberg, a Founding Editor at bloomberg. Well talk about silicon valley, the pros and cons. Emily great to have you in the studio this week. Elliott gotkine, thank you. Finally, after nine months of nonstop publicity, fan conventions, 500 storm troopers on the great wall of china, and theme park tieins, star wars arrives friday. Paul sweeney is with us. Is it going to be as big as everyone thinks it will be . Paul the numbers out there are just extraordinary. For an opening weekend, for a movie to get 50 million, its a great opening weekend. This is going to be north of 200 million for a u. S. Opening weekend. The expectations have been building. Nobody markets films more than disney. Nobody films demand across the platform as well as disney. This is set up for not only a good opening weekend, a record setter, but on the path to become the alltime top grossing film. Emily how has disney tried to manage expectations here . Paul its a good point. There is so much press and so much undercurrent from the blogs and internet about how big this could be. One of the challenges for disney and its investors is to manage expectations. Dont let the enthusiasts get too far over their skis. What disney wants to avoid is any kind of sense of disappointment. Theyve been very reasonable in their commentary about what they expect from this film. They are pointing out that its opening in december, not the summer. That tends to lead to lower openings then you would see from a blockbuster in the summertime. I think expectations remain extremely high here. Emily i will be seeing it this friday. Paul sweeney, our editor at large cory, and middle east editor Elliott Gotkine. Also coming up, with the ink barely dry on a landmark Climate Change agreement, the u. N. Is hoping to broker another major consensus on worldwide internet regulation. We will discuss. Emily this week, government officials from more than 190 countries gathered at the United Nations in new york. The topic on the table, how to govern the internet for the next 10 years. The meeting could have a profound impact on issues like how governments track suspected terrorists online, overseas, and whether Companies Like google and facebook can take it upon themselves to spread the web. Catherine brown is ceo of an International Nonprofit known as the Internet Society dedicated to pushing an open internet agenda. She is set to speak at the u. N. Later this week and joins us now. Still with us, David Kirkpatrick, our bloomberg contributing editor. This is the first time in 10 years this meeting is happening. The first time was in 2005, and they talked about bridging the digital divide. We are going to get a report card on that, but i want to start with this issue of regulation. Theres a debate right now happening as to whether governments should have more power or the private sector. Where do you weigh in . Catherine let me give you a little context first. 10 years ago, of course, the same governments came together to take a look at this thing called the internet, and at that time, decided it would not be regulated the way traditional telephone systems were regulated across the world. In fact, they said that the institution in the u. N. That regulated Telephone Networks was not to do that but rather that we would together develop what we call a multistakeholder approach to the governance of the internet. What that really meant was the private sector was leading. The private sector was innovating, building. Academia was very much thinking about, what are the uses for this thing called the internet . The technologists were writing code. This thing was moving along quite well. 10 years later, the governments now reviewed their proposition in 2005 that this Global Internet could not, should not be regulated by nationstates. That is the question that was on the table. The status quo, if you will, where we actually are is, in fact, this multistakeholder innovation has worked. We know in the developing economy 5 to 9 of gdp is based on the use and the innovation on the internet. In the developing world, this is 25 a year in growth we are seeing because of this internet economy. Emily david, in 10 years, the landscape has changed dramatically by someone named edward snowden, but this could be quite a momentous meeting simply because of that. What is your take . David even before snowden, there was a lot of scary talk coming from countries. Once they started to understand how powerful the internet was, their countrys government started to want to take control of it. In 2012, there was a meeting of the itu in dubai where there were scary things said by a lot of country, and i think we dodged a bullet at that meeting. Snowden has piled fuel on that fire by making it appear that the u. S. , which is the longterm defender of Internet Freedom, seems like a hypocrite. We didnt really seem to be quite as honest as we pretended to be about wanting Internet Freedom because we were looking at all kinds of stuff. That has made it harder for the u. S. To defend its traditional values where it should be a multistakeholder model, not a multilateral model, which is governmental control. I worried tremendously that we still dont have the consensus we want. Its great if the u. N. It wants to talk about getting access to more people, but it may want to talk about it in control of it. That talk has not ended. Emily a huge difference between multistakeholder control and multilateral control. I want to talk about these efforts by Mark Zuckerberg at facebook and google to bridge the digital divide. How much success are they seeing so far, and where do you stand on these efforts . Kathryn lets look at the numbers again. 3. 4 billion people online, 40 of the worlds population. That means 60 are still not yet online. What is happening in the developing world . The internet weve seen the curve on the internet is starting to take hold. The networks are being built. The Broadband Networks are out there. Wireless networks are now being built, and those devices we all know our Small Computers are starting to be in the hands of folks in a way that is becoming meaningful. In africa, for instance, on the continent, we see 20 penetration. This is kind of a tipping point. Its very uneven across the continent, but in some places in west africa and south africa, we are seeing an uptick. The companies that are coming in, both american, european, african, chinese companies, see an emerging market, and they see there are different ways of serving that market. We see satellite. We see wireless. We see undersea cables on all the posts of africa, for instance, and we see the possibility for growth. Emily we are going to be watching to see what outcome comes out of the meeting. We will be right back, david. You are sticking with us. Emily space may be known as the final frontier, but is it really the last place for exploration . One Foundation Still believes we have a lot more to learn about what lies under the sea, so much so that theyve put up 7 million in prize money for a team to come up with the best way to come up with the deepest, darkest corners of the ocean. Paul bungee, principal and Senior Scientist with the x prize, and David Kirkpatrick, still with us. You guys were here launching the very first x prize. What kind of break through technologies are you looking for . Paul not only can you explore space, but what might be the most interesting and unexplored part of our own solar system is here on earth. Weve mapped more of the surface of mars or the moon then we have our own ocean floor. That is what we are putting up 7 million to do. The show Ocean Discovery x prize is how you get is all about how you get to the deep part of our see and send back photographs of the weird and wonderful things here on our planet. Emily its pretty risky, isnt it . Paul theres a reason nobody has done this. We are talking about invisible, dark places of the earth under crushing pressures and crazy temperatures, and we need radical breakthroughs in order to explode our own planet. David i think this is such a wonderful thing. X Prize Foundation is one of my favorites. You are talking about building a bunch of undersea robots that are going to be super expensive that have all kinds of power and innovation and lighting that will allow them to go places we couldnt go before. Is it right to think of this as a further extension of the internet of things . Paul you are precisely on to something about exploration generally, which is that the technologies used to discover new things are really the core of new dividends. Think about the space dividend and the like where you get all of these new technologies, be they sensors, new opportunities to connect in the deep sea, and the robotics, the autonomy, the ai going into exploring this, and when you do it in an extreme environment like the deepest parts of our ocean, that is going to force people to think in really novel ways. What we are excited to see is, how do we connect the planet, the internet of things of our own planet into the new opportunities that might arise for new businesses, new technologies, new innovations . Emily shell, its interesting you are partnering with them. This is a company that might be accused of exploiting natural resources. Paul one of the challenges we have with the ocean is it is totally unexplored. Its basically invisible to everyone. With shell, we have a partner in wanting to illuminate the deepest depths, to start to democratize science, give the data an opportunity to live so its not just in one group or the other. Thats the core opportunity for innovation, and thats why we are excited to be working with people who see an opportunity for change through incentivizing real breakthroughs. Emily paul bunje, thank you so much for sharing that with us. David kirkpatrick, always great to have you with us, founder of techonomy. Tomorrow, we will be focused on green energy initiatives. We will be speaking with the ceo of sun power. The only way to get better is to challenge yourself, and thats what were doing at xfinity. We are challenging ourselves to improve every aspect of your experience. And this includes our commitment to being on time. Every time. Thats why if were ever late for an appointment, well credit your account 20. Its our promise to you. Were doing everything we can to give you the best experience possible. Because we should fit into your life. Not the other way around. The following is a paid presentation for the beautiful. Ou collection this skin soving flawless without wavering foundation. Imagine a product that covers everything but looks and feels like you are wearing nothing. Imagine one product that is clinically shown to make your skin younger looking in just 10 days and can make you look up to five years younger