Its own residents. Beenthan 500 people have evacuated in southwest louisiana. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im emma chandra. This is bloomberg. Isoomberg technology next. Caroline im Caroline Hyde in for emily chang. This is Bloomberg Technology. Coming up, north koreas clear and present danger. An emergency session after another Ballistic Missile launch. Reaction from around the world and the plant from the pentagon. Plus, expedia ceo speaks for the he can take the top job at another company. Is he up for the challenge . He has been one of the most recognizable names in the industry for decades. Him. Sive conversation with first to our lead. A Major International story we are monitoring for you. The United Nation council is meeting tuesday to discuss how to handle north koreas latest provocation. On monday, north korea fired a flew overmissile that japan before breaking up. Today, u. S. Ambassador to the u. N. Nikki haley called the lunch unacceptable and irresponsible, adding that something serious has to happen. As for how the markets responded to the launch, stocks fell back across the globe. U. S. Stocks have just about rebounded. There was an initial rush to save haven assets like gold, u. S. Treasurys. For more, we are joined by lindsay ford. Wonderful too happy with us, lindsay. First of all, i want to get the socalled unprecedented, grave, and serious threat the japanese Prime Minister sees. Lindsay the latest missile test was definitely an provocation. This is the first time we have seen north korea wants a Ballistic Missile to overfly japan. That for japan is a significant an extremely serious threat. I think we have to recognize that there is a bit of a calibration that north korea was probably doing here. They were quite blunt over the last month in saying they might conduct a test near gguam. They didnt. You have to assume they were trying to kathleen a we dont match up tension but ill cross any red lines that would actually cause the u. S. To initiate any kind of conflict or action. Caroline this is seen almost as a political gameplaying by north korea the moment. Delete see the response likely to be particularly from the u. S. . What are the realistic options out there . Lindsey i dont actually think this changes the options the u. S. Has all that much. I expect that we will see is another push for further sanctions and tightening of sanctions coming through the United Nations. There are additional steps they can take beyond these sanctions that were just a permitted at the beginning of august. They can do after the north korean textile industry. They can go after oil , north koreas access to oil from china, which is something that has not been done yet and can be potentially significant. A lot of people would really like a push for actually sanctions against entities, third Party Entities and companies that are doing business with north korea to really try to eliminate their access to other financial systems. Caroline fascinating. I just want to bring in our National Security reporter, who is joining us live now. , we are monitoring the un security Council Meeting as well. What do we know will come are particularly from past statement of donald trump himself . Taken to twitter yet . [laughter] [laughter] nick he has not yet how to twitter, that is interesting ly a story in itself. When we have seen from this administration so far is a little more understated. Hopefully what they hope will be a more disciplined approach to the launch. They dont want to lose their head and go half cocked. We have heard this is attributable to the chief of staff directly, john kelly, who wants interagency process that harkens back to what you would have seen in past administrations. One said this is how normal governments do things. When north korea does Something Like this , you consult with allies as secretary of state Rex Tillerson did and President Trump did. You get on the same page and release a unified message. That is likely what we will see from the council today. Caroline your outlining perhaps how we will see yet more sanctions coming north koreas way. But what about japans reaction to this . They would have felt maybe at the time they can Start Building their own military force in respect to this. Lindsey i think it will amplify voices within japan and decision tobes push for a more muscular japanese foreignpolicy. Further push for perhaps increased defense spending. Certainly more ballistic defense. There is an ongoing argument about whether japan should seek strikeensive capabilities, which it is not able to do right now because of constitutional restraints. I think it will further expand. Hat argument caroline talk to us about the balancing act going on with the white house. They do not have Just One International crisis going on at the moment, but there is a domestic one as well. We have seen donald trump in texas. How is the managing to nuances words . Is the responded to questions about north korea at this event . Nick so far, he has responded to shouted questions just by saying, we will see, we will see. The administration is trying to do something a little bit different. In the last month or so, they came up with a very detailed north korea strategy for how to respond to certain threats and certain actions. They essentially have a game plan in place now. This is sort of the first foreignpolicy issue around the world where they really have a sort of ladder of steps. If north korea does x, the u. S. Will do y. We have been speaking with an ministration officials all day, and they say this is going so far according to plan. North korea did something that the United States suspected it might do at some point. Now you are seeing the response. The closed session of the Security Council a relatively understated response so far. Hopefully a response that will then move to increased economic pressure, which the United States still sees as the main path forward. Rex tillersons peaceful Pressure Campaign really uses china as the conduit to strangling the north korean regimes economy and hopefully bring them back to the table for negotiations. Caroline fascinating analysis you both. Thank you very much indeed. Lindsey and bloombergs nick, great to have you with us. Now, as Tropical Storm harvey continues to inundate the texas gulf coast, facebook is offering ways to contribute to relief efforts. Facebook announced today it would match the harvard of the Disaster Relief fund up to 1 million. Over foods announced it will restoration made by the website of the red cross. 100,000 pledged to the organization, and more will come. Now, expedia ceo speaks out for the very First Time Since his name was floated for the ceo role. Why he says this is a onceinalifetime opportunity. This is bloomberg. Caroline now a story we are watching for you. Google will comply with yours demands to change the way opes the man to demand to change. Google said it is showing the plan to regulators. If it did not submit by we dont like daily fines on top of its record 2. 7 billion penalty issued earlier this year. If it did not comply, that is, in a months time. Now to a developing story. The Justice Department has begun collaborations that uber may have violated the use of bribes to port officials keep providing people with familiar with the people familiar with the matter. Is if one country . Many countries . There are lots of questions we do not have answers to at the moment. It is never a dull day in the world of uber. I think this is the second Justice Department related inquiries. We have the other effort to hide uber drivers from Law Enforcement officials. Here, we do not know exactly the focus of the inquiry. Is cooperatinger and we will be getting more details as soon as i get off the tv. Working on it. Caroline certainly. Justice department, they are not giving any statements either. Eric right. Caroline we will see how that unfolds. They have had many a challenge. A Silver Lining that a new ceo has been announced. Well, has not been announced, but certainly was on the table. We hear from the ceo of expedia who is likely to be coming to uber as ceo, Dara Khosrowshahi, and it looks like he is up for the challenge, but not unaware of some of the challenges that do indeed face him. Eric right. He has the opportunity of a lifetime. Diller point, barry acknowledged he will accept the offer. Our services have been saying that. Uber is just dotting the is and crossing the ts. To your point, he talked about diversity a little bit. Expedia seems to have done better than uber at least in terms of recruiting female software engineers. Definitely something uber needs to improve on. Sort of took a tone of, i need to take in the situation, but he talked about broadly the problems in the industry in terms of diversity and inclusion. Caroline certainly Top Priorities for him. This feels almost endless, but notably, he has to get himself a cmo, top a cfo, executives. Eric shoring up your executive team for a. C. L. Is a top priority. A top priority. At first, the Company Already said they want to hire an independent board chair to sort of bring a fresh perspective and independence to the board. I think that is going to be important, but obviously he will have to do that in cooperation with the existing board. Like you said, there are some any vacant positions. They definitely need more top engineering talents, top operations talent. Filling the team will be a top priority. Caroline what about the ongoing saga that is the battle between benchmark capital and travis, was previously the chief executive . That sideline show does not seem to be going anywhere. Eric yeah, exactly. It is a huge fight going on and missed all of these other issues. I think there is another hearing tomorrow. There is a question of whether travis will be able to bring this case to a private arbitration which would take it out of the headlines a little bit. Right now, it is benchmark, ubers largest investor. Asking travis to really quit his three board seats while the former ceo of the committee wants to hold on and have sort of a big role on the board going forward. That the notsue get resolved as many people hoped it would as a result of the ceo search process. Caroline this ongoing feud going on in the public arena between the previous ceo and the investor, the top investor of uber. You have now to be unveiled breaking news the department of justice is investigating, looking into potentially whether they violated bribery laws. You have the ongoing need to hire executives. Is Dara Khosrowshahi up for it in terms of capable . The people youre are talking to, is there a sigh of relief . Is he the right man for the job . Eric he is not the type of industry titan of industry, but there is a lot of confidence. This is a guy who ran expedia very capably fracking 12 years. For i think 12 years. He has the connections in government, outside of them, and has the expertise to work with government and try to bring uber sort of back under control and inline with regulators and the law. I think he definitely understands. He has to understand that is a major challenge he will face as ceo and clearly something that he has some capability to handle. Caroline opportunity of a lifetime as he called it. It is never a doll moment as you say. We will let you get back to the breaking news. Thank you very much, eric. s growth thisle year has led to a massive payday for ceo tim cook. We will break down how the competition stacks up to other tech leaders this year. The future of elective into your attention from you can find it on the tv on bloomberg. You can send our producers a message along with a chart. This is for bloomberg subscribers only. Check it out, tv. This is bloomberg. Apple havehares of hit a new alltime high today. A record cap of massive growth in stock price this year, which is 40 , and it could have further to run with the average price target for the stock among analysts still inching slightly ahead at 174. s stocke, apples success this year has helped push to some cook to new heights. Last week, he was awarded shares, nearly 90 million. His total awarded competition was 150 million last year compared to 72. 9 million in 2015. More details on cooks payday, lets bring in our guest who wrote about the topic from bloomberg news. Fascinating. Talk to us about how the conversation is done for tim cook. Explain the structure. In some ways , he voted for it himself. Yeah. Apple has a special set up with tim cook. When he came into the ceo role, apple said, we will give you a massive chunk of stock that you will get in two increments of 10 years worth of to 370 million at the time. A couple years later, it was restructured and split up over the years. So cook in a typical year can collect about 280,000 shares as long as he remains on the job and another up to 2008000 shares if apple share price apples0 shares it share price beats others. Caroline wow. I am looking at the pay go function on bloomberg. You can see how he really is highflying. Number two at the moment in terms of where he stood previously. Talk to us about where tim cook stacks up versus the rest of the tech ecosystem with this new competition being handed out. Anders in the bigger scheme of things, it is almost absurd that even tim cooks figure, which is really high, does not hit the ceiling when it comes to paying in the tech sector. We have seen walmart north of 200 million in 2016. Prior to that, we have another who every year gets stocks from google. Even though apples gets quite a bit of money, it still does not tend to be at the very top among those guys. Caroline nothing like a little bit of m a to help the likes of walmart, which always helps his compensation. Talk to us about whether or not this will be sustained. Will we see tim cooks compensation tied to the share Price Performance . Should it be perhaps tied to another critical measurement . Anders that is a frequent debate among pay consultants and people in the boardroom and the executive suite. Is share price really a best performance . Some say you should focus on internal metrics like revenue or product development, which will in turn drive share price, share price being the ultimate goal, but that is not the journey to get there. The way apples award for cook is set up, it is tied to share price. The board can change that. It has been successful both for shareholders and cook himself. I would not say that i see any change is coming in the near term, but who knows . Caroline how does it fit with those who work at apple, with the general public . I am speaking from london where there was so much han handwringing and general public outcry when you see ceos pay significantly more than the average employee and the average person on the street. How doe is it absorbed in america, where it is a little more of the land of those that can make it . Anders making a lot of money is not seen as a bad thing in the United States of america. We know that. Cook got a bit of a push back for his compensation when he first signed on with a large 370 million award. It was at cooks request that part of these shares would talk to the companys share Price Performance and if the shares do not beat at least two thirds of the companies in the s p 500, he gets fewer shares. Ifs far, apple shareholders, you have been an apple shareholder, you have been doing quite fine. In the bigger scheme of things, people in the tech sector tend to get more of a Carte Blanche when it comes to it as opposed to other sectors such as banking. Caroline tim cook says he will give most of it away. Thank you very much. Great reporting as ever for us. Coming up, we bring you an exquisite conversation with thdell chairman and ceo michael dell. Has thought on the club, next. Check us out on the radio. You can listen only Bloomberg Radio app, bloomberg. Com, and in the u. S. On sirius xm. This is bloomberg. 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. Im Mark Crumpton in new york, youre watching Bloomberg Technology. President trump is in texas to witness the devastation from harvey. He arrived in austin today after a stop in Corpus Christi where he told residents, we are going to get you back in operating immediately. He also received a briefing from local officials. The u. N. ,sador to Nikki Haley Says it is time to take serious action on north korea. No country should have missiles flying over them like those 130 Million People in japan. It is unacceptable, they have violated every angle Un Security Council resolution we have had. I think something serious has to happen. Yesterday, pyongyang fired a Ballistic Miss