The Senate Passed the aid bill for Hurricane Harvey, the 15. 3 billion is nearly twice as much as President Trump requested, including raising the debt ceiling for three months under a deal democrats made with the president. Three people familiar with the matter say the white house is considering at least six candidates on the growing list of nominees to succeed fed chair janet yellen after the wall street journal reported wednesday that President Trump is unlikely to choose his top economic adviser, gary cohn. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. Bloomberg technology is next. Emily i am emily chang and this is Bloomberg Technology. Coming up, amazons next big move. The house that bezos built wants to set set up another h. Q. And a project big enough to house 60,000 employees and each u. S. City has until the end of october to put in a bid. Plus, gopro refreshes its outlook. And product line. The c. E. O. Joins us to discuss, keeping the ongoing turnaround on track and what could be the first profitable quarter since 2015. And one year after the biggest deal in tech history, taking stock. Dell founder and the Ceo Michael Dell joins us on a wide ranging interview. We ask for a status report on the 67 billion dell e. M. C. Acquisition. Amazon on the hunt for a second campus of they are calling hq2. It comes with a hefty price tag of more than 5 billion. The seattlebased internet giant is asking local and state governments to submit proposals for a new headquarters that could house as many as 50,000 workers. Many of them new hires. Each with a possible yearly compensation exceeding 100,000. The Economic Impact for the winning city would be significant. Amazon said investments resulted in seattle from 2010 to 2016 resulted in an additional 38 billion to seattles economy. Joining to discuss, garrett duvain. What do we know about this and why did amazon make this a public contest . How many new hires will they be making . They will be making 50,000 hires. The number they gave was 15 to 17 years so an almost twodecade project they unveiled. It is pretty unusual when you look at how amazon usually goes about building new offices and buying real estate. Usually theyre quiet about it and say they have special tax structures to shield the fact that theyre looking at new places. When they got to new warehouses this will be a massive new campus. They called it another headquarters saying it will be , at the same level as their current seattle presence. Emily in part, theyre doing this because seattle cant accommodate their growth. But i find it interesting giving given the historic frugality of the company. Brad stone wrote in his book that employees even have to give back the backpacks when they left the building, if they left the company. How do you make about how amazon is approaching this process . A technologyo investor in seattle today who said he was disappointed that amazon didnt simply decide to expand offices inside their home town and felt it was the fault of the city of seattle for not being business friendly enough to amazon. The company had to go elsewhere. I thought that was an interesting point that maybe this is not a great thing for the city of seattle, even as that city has struggled with the housing crunch and real estate crunch that amazons expansion has caused there. Emily gerrit, you have cities throwing their names in the hat, chicago, for example. Talk about where the likeliest places are if amazon will split its headquarters in two. What does that mean for the city that gets that honor . Gerrit probably a couple of additional cities have thrown their names into the hat. You have people tripping over themselves to get amazons attention, ranging from smaller cities, louisville, tucson, straight to the top, some of the biggest cities in north america including toronto, chicago, are having interested. Its going to be a hunger games process. Its hard to estimate how big an impact this could have on the city it ends up being in. Calling around, talking to people today, no one has seen anything this big, one Massive Company deciding all at once to put this many people, although over many years, in one place. One number i thought was particularly interesting, we had someone estimating that amazon could receive as high as one billion dollars in subsidies and that kind of thing to actually build in a certain city so were going to see proposals coming out in the next weeks and months. Emily what do we know about what the employees will be doing . Shira amazon said they would leave it up to teams to decide who works where but these are high paying jobs. So every mayor, every politician will want to take credit for bringing up to 50,000 high paying jobs to his or her city, a nobrainer, but at what cost. Weve seen that debate increasing more and more over the last couple of years including recently in wisconsin with the foxconn plant theyre going to open to build kind of the television displays and other things. And the state of wisconsin is granting foxconn Something Like 3 billion worth of tax and other kinds of incentives and theres a legitimate question about whether the job creation is worth the lost tax revenue to these cities and states. Emily meantime, amazon is continuing to make unique and somewhat unprecedented partnerships. They have partnered with microsoft when it comes to digital assistance so that amazon alexa can coordinate with Microsofts Cortana and theyll be opening physical Amazon Stores inside Kohls Department stores on the back of the whole foods acquisition. Gerrit, what do you make of this . Gerrit theres amazon news almost every day these days but on digital assistance, or Artificial Intelligence assistance front, amazon is able to put themselves in that position because they have such a large lead when it comes to the alexa device compared to competition from google and apple and the microsoft cortana system is very popular on desk top. The way amazon seeing it is having these systems talk to each other is good for the consumer. Because they have the hardware, they want to jump in and consolidate the market ahead of competition. Emily lots going on with amazon. As always. Gerrit and shira, thank you, both. The federal Emergency Management agency saw reserves cut in half over the weekend after the devastation caused by Hurricane Harvey and now with hurricane irma. House Speaker Paul Ryan issued a dire warning for irma. People on smartphones are quickly applying for fema relief and those applications are being approved and money going out the door at such a faster pace than we have ever experienced before. To the point where o. M. B. Is telling us fema could run out of money as early as tomorrow and no later than tuesday. Emily Senate Republicans agreed to more than double femas funding, more than twice the nearly 8 billion the house approved on wednesday. Coming up, it is the oneyear anniversary of the biggest tech deal in history. I sit down with michael dell for a report card on the company, after the 67 billion acquisition of e. M. C. And Bloomberg Technology is Live Streaming on twitter. Check out out weekdays 5 00 p. M. In new york, 2 00 p. M. San francisco. This is bloomberg. Emily shares of fitbit rose 11 in thursday trading, the biggest move in over a month for the fitness tracking company. They announced a partnership with dex com to help those of diabetes to monitor their blood sugar through fitbits watch. The move shows the companys efforts to venture into Health Tracking in general. A year ago today, dell completed its massive acquisition of e. M. C. The historic 67 billion deal created Dell Technology, a company that operates everything from dell and vmware, which is still publicly traded. Dell faced several legal and regulatory hurdles along with stockholders skepticism. But after a year is reporting an increase in sales and gains in new customers. I sat down with michael dell for an exclusive interview and asked for the oneyear report card. I am pleased with how it is going. The reaction from employees and partners is positive. Our teams are engaged. Our customer scores continue to improve. Our Employee Engagement scores are record high levels. Revenue synergies are coming bigger and faster than we thought. Were paying down debt at an aggressive pace so a lot of things that could have gone wrong didnt go wrong and id say the Biggest Surprise weve had is we havent had a lot of surprises. Certainly you see the success that vmware is one very important part of the Dell Technology family is enjoying. But across the family, the business is doing very well. Emily you mentioned debt. That you took on 51 billion in debt and a p. C. Market that has been sluggish. How have you navigated these challenges . We have grown our share in pcs over 18 quarters in a row. People have questioned the durability of some of our businesses, but they have held up incredibly well and we are gaining shares. Being able to navigate these transitions as we have in bringing the family together, customer and partner reaction is strong. Out to gain debt to continue growth and expansion, investment grades increased from all three agencies. Emily do you see more consolidation in the industry as at large . We talked about how the big players are big and getting bigger. Do you think that will continue . Michael i do and the reason is that customers dont want to have a whole bunch of Small Companies to work with and there are deep technical reasons why these things should be more integrated. If you think about what vmware is doing integrating networking and compute and virtualized storage and how you manage in a Software Defined manner, thats very much consistent with what customers want and its really about how do you create a cloud environment but in an onpremise fashion . Emily but have you stay nimble and make sure you are innovating from within . Or is it about m a . Michael its not eitheror. Its both and its also the alliances and partnerships and Venture Capital we deploy in new companies. Well invest four, or five more than 4 billion in r d across the Dell Technologys family. Emily where do you see yourself in five years . Michael what i see from our customers is that theyre engaged in four transformations simultaneously, so its an exciting time in our world. Digital transformation. How do you use all this data thats being created with all these smart, intelligent censors and nodes created, explosion in connected devices and the new age of human machine interaction. That is a c. E. O. , board level agenda item in every company that we deal with, ok. So thats the first one. The Digital Transformation. Then you have the i. T. Transformation. How do i become more cloudlike, softwaredivined softwaredefined . How do i modernize and automate my infrastructure to run that super efficiently so i can fund the Digital Transformation . Then you have the work force transformation. How do i make sure that the people inside the company have the right tools so they can be productive and efficient and its not about giving them the lowest cost thing possible but i want to retain the highquality work force i have and people figure out productivity matters and devices are important. And the last one is security. The attack surface is getting much greater. We have a broad set of capabilities to help customers defend and protect their most critical information and data and business is about trust and assurance. The sophisticated nature of the attacks is only increasing and thats an incredibly important topic for our customers so were focused on those four big transformations. We think were unique in the capabilities we bring across the whole spectrum and that makes us highly relevant for customers and thats why were growing faster than the overall industry. Emily well have more from my exclusive interview with michael dell, c. E. O. Of Dell Technologies, later in the show. Turnaround plans are starting to pay off. We speak with chief operating officer on the companys optimistic earnings outlook. And a feature i want to bring to your attention, interactive tv function, at tv go on the bloomberg. You can watch us live. If you miss an interview, you can go back to it and send our producers a message. This is bloomberg. Emily spacex launched a rocket supersecret shuttle ahead of hurricane irmas possible arrival in florida. This is the fifth flight for the mini shuttle. It is capable of spending years in orbit. The air force is keeping a lid on what the shuttle will be doing. But its last mission lasted close to two years and touched back down in may. Keeping with tradition, spacex landed its leftover booster back to Cape Canaveral for a freeze. Shares of gopro surged. They said thirdquarter revenue and margins would be at the high end of the companys forecast. Gopro is in the midst of a turnaround plan that includes cost cuts and updated product line. Selena wang is standing by with a special guest. Joining me now is gopros chief operating officer, c. J. Prober. What is driving the positive results right now . Thanks for having me. One of the things that wasnt mentioned in the preample and that were most excited about about our q3 announcement is that well be profitable in an on gap basis in q3, which is a big development, in addition to the high end of the range on revenue and on the margin. Whats driving that is the hero 5 is the best product weve ever launched and were seeing really Strong Demand for it. In addition to the differentiation weve enabled in hero 5 in terms of voice control, waterproof with no housing, cloud connected, we have an Amazing Software ecosystem that allows consumers to move content from cameras to phone automatically. In addition to the we create a video for the consumer automatically and they can tweak it to their Hearts Delight or share it directly. Youve been talking about making the camera, hardware and software easier to use but the fundamental question remains, what is a Value Proposition to the average consumer thats happy with the camera on the everimproving smartphones . If you look at the movement happening on platforms like instagram and wechat and the amount of content creation happening, the tip of the spear consumer on those platforms the phone doesnt , enable sufficient versatility, sufficient immersive capture so what were trying to do with gopro is free our consumers from the capture experience and let them live the moment, live the activity, capture the activity and on the software side, we want the experience of sharing that content to be as easy as if you capture it on the phone. So were freeing our consumers from capturing in the moment to living that moment and enjoying it and then having the same convenience that you have today with your phone. Gopro is projecting return to nongap profitability in q3. Should we expect to see a sustained return to profitability beyond the end of the year and if so, how . We set a stretch goal at the beginning of the year to be profitable on an on gap basis for all of 2017 and we expect to achieve that. We also expect to achieve doubledigit Revenue Growth this year. And as it relates to next year, we do expect to be profitable and more profitable in 2018 and the reason for that is, we implemented a number of cost measures, in march of this year and it took several months to get those costs out of the system so were going to have the fullyear benefit of those cost savings next year with continued Revenue Growth, lower authex. We expect to expand margins with our road map and expect to deliver better profitability in 2018. The company is announcing positive news today but the shares are down a third so what are investors missing . I have been through a turnaround situation like this before and the stock price always lags performance. We dont focus too much on the stock. Its our job to deliver Amazing Products for consumers. Its our job to deliver an amazing Work Environment for employees and its our job to deliver against the expectations we set for our investors and over the first quarter, Second Quarter and now the third quarter, in addition to meeting expectations for consumers and meeting expectations for employees, were meeting expectations for investors so in a turnaround like this, it takes time for the stock and investors to follow but were confident that were going to continue to execute and that that will come over time. You are at the city global tech conference right now. What are conversations like with investors . How is it different from previous years . Its quite different from 12 months ago. Theres a recognition that gopro has a sound foundational business and as we share our vision for the future and how gopro can become an extension of the smartphone, an untethered lens to the smartphone, the discussion is how big can the opportunity be, how much of the instagram content share, the we chat content share can gopro capture . So the discussion is fundamentally shifted from is the business sound, too, how big is the opportunity at of us . C. J. Prober, c. O. O. Of gopro, thanks for joining us. Emily coming up, a dark day in the magic kingdom. Disneys stock takes a dive. After some less than stellar news from the ceo. This is bloomberg. So we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. The world of