Abortions. The first female muslim judge has been found dead in the muslim river. The body was found a day after her husband reported her missing. She was an associate justice on the new york court of appeals. Authorities say there are no signs a crime was committed. Im Mark Crumpton in new york. Bloomberg technology is next. Caroline im caroline hyde. This is Bloomberg Technology. Coming up, apple announces three of its suppliers have pledged to use only Renewable Energy. We will have a an exclusive h ave an we will have an exclusive interview. The battle lines are drawn as the worlds biggest internet giant gear up for a fight with regulators over Net Neutrality. Another tech company dives into the public market. We will give you the latest outlook for the ipo landscape. First, our exclusive interview with apples vp of environment policy and social initiatives. As the company pushes toward its goal of all facilities to be 100 renewable, lisa jackson told david gura how the company persuaded three chinese suppliers to rely solely on green power. You should expect to see more and more suppliers. We have three new suppliers whove said, in china, we are going 100 for apples operations. It was a matter of making them helping them understand how we invest in clean energy, so they could take advantage of the same marketplace and the same returns. Caroline this comes as some apple suppliers have been feeling the pressure. Chipmakereuropean Dialog Semiconductor plunged after an analyst warned that apple would probably cut back on use of the companys chips. Joining us, david kirkpatrick, ceo of tech on any of tech conomy. And alex webb, bloomberg reporter who knows all things apple. Talk to us about the news coming out. Buyingpple has been Chinese Energy sources in order to facilitate these sorts of contracts with its suppliers. Supplier part, as you try to cozy up to apple, as we have seen from this example, these guys can be a little bit vulnerable. They are doing as much as they can to get an apples good books. There are economic advantages as well. Caroline its a bonus for apple longerterm if they have a clear picture. Alex full credit chapel to trying to get renewable Energy Sources full credit to apple for trying to get renewable Energy Sources. 20year to 30your Purchase Agreement with an energy supplier. That locks in a particular price you are going to pay for your energy over that period. If it becomes cheaper on the open market, you can still go for that cheaper option, but it gives you the ability to predict how much you are going to be spending on energy for the years to come. Caroline money talks, david. Its interesting timing. Perhaps surprising there is a Business Case for this, not just. N environmental case david this issue of Renewable Energy is much bigger in china than it is here, increasingly. The resources to event do exist there. Even if they dont today, they are likely to tomorrow. If a company like apple is putting an emphasis on Renewable Energy for its suppliers, it might force them to take more moves outside the United States. Caroline fascinating. Something the administration definitely does not want. David or understand. Caroline interesting. Alex, back to you. Supply chaintion, analysis. It digs into who the suppliers are of apple and who they supply to. Its a bit of a murky picture. If you dive into my bloomberg, you can see how dependent certain suppliers are on apple. Alex thats the foxconn parent. Caroline they have started to perhaps drop a few of these suppliers. Is this a worrying time to be an apple supplier . Alex its always worrying. They can drop anyone or take anyone on at any given moment. Thats why you do as much as possible to keep apple on your side. Because of some of the pressure we are seeing in the mobile phone industry, the smartphone industry, there is perhaps a greater impetus for apple to try to do more going back into the supply chain, to try to own more of that technology in order to wring every last dollar that is possibly can out of the iphone. They own all of the shops in which they distribute and sell their phones. That is forwardlooking integration. In the opposite direction, they are doing more and more independent to own the fundamental technologies which underpin the iphone. Caroline and support their margins, perhaps why they are going after qualcomm. Optimist orre an pessimist when it comes to how much apple can rejuvenate themselves and be the innovator we remember of the past decade . Thats an interesting question, not the one i would have expected you to ask. That. D say im neutral on i think it depends a lot on this new phone coming out this fall, about which there are still a lot of questions. I am a little skeptical they can make it fundamentally different enough to, lik,e, really move the needle to, like, really move the needle. Maybe they can. They have done miracles before. There ability to their ability to execute logistically is unparalleled. Really tied into this issue of the responsibility that some of these companies have in the tech sector now that they are so gigantic. Apple is the most valuable company in the world. One might ask if they have this suite of suppliers all over the world who live by the sword and die by the sword, if apple lifts it might hurt them and cause their stock to plummet, does apple have some kind of show responsibility of special responsibility to let shareholders know what might be coming or even take them under their wing . When a company is that big, it makes me wonder. Caroline it makes you wonder when apple is one of the biggest shareholders of Imagination Technology in the u. K. That has plummeted on the back of potentially not being as big a supplier as it previously had been. Alex webb and david kirkpatrick. Now, another stock we are watching. Tesla. Shares jumped after ceo elon the announced plans to pad companys lineup with electric vehicles. Musk said tesla will unveil a semi truck, also known as an articulated lorry, if you are a brick brit like me. Tesla will also bring back its very first model, the roadster. This time, its a convertible. Coming up, the Biggest Internet Companies in the world have a message for washington. Leave the neutrality rules alone. We will dig into the battle over internet oversight. All episodes of Bloomberg Technology are now livestreaming on twitter. This is bloomberg. Tmobile,the fcc says comcast, and dish network are among the top winners in the latest u. S. Airwave auction. Airwaves are now being repurposed for wireless data traffic. Tmobile was the largest bidder. Dish network paid the secondmost and is already sitting on a vast trove of airwaves it has yet to use. Shares sunk after hours after we saw that announcement. Theking with the fcc, largest Internet Companies in the world are making their case to the regulator not to gut existing Net Neutrality rules. The principle is that Internet Service providers should enable equal access to all providers to all applications. They met with ajit pai in washington. Pai has a track record of opposing the existing rules. The Internet Association ceo, michael just michael beckerman, joins us from washington. David kirkpatrick, our guest host for the hour. Michael, you have met with ajit pai. Perhaps he wants to get rid of those. He wants to move it to the ftc instead. Your view is that Net Neutrality should not be changed. Was he open eareared or not . A very cordial meeting. I have a lot of respect for the chairman. We do strongly disagree on this issue. We think the fcc got the rules right in 2015. We are advocating they keep it the same. If its not broke, dont fix it. As it results relates to moving to the federal trade commission, i would point to the comments from commissioner sweeney that they are not the expert agency. We have agencies in our government. All the engineers are at the fcc. Thats the expert agency. We should keep it there. Caroline youre looking at a terrell, made by talking about the performance importance of keeping it with the fcc. Pai does make out that clearly, he has always tried to say that he wants Net Neutrality principles to remain, but a voluntary pledge instead. Do you think if it wasnt supported by the law, we would ever see Net Neutrality remain a reality . Yeah, i think there is way too much day care way too much at stake here. The Consumer Experience that we know and love, both on mobile and fixed broadband connections rely on these rules. If youre willing to agree to them in a voluntary sense, you might as well keep the existing rules that are on the books now to protect consumers. Caroline do you agree with michael, if it aint broke, dont fix it . David ironically, i do agree with him, if its not broke, dont fix it. I come to a slightly different conclusion, or i worry less. The thing that i feel and have noticed is that there has almost never really been patent obvious violations of what people consider to be Net Neutrality, yet her has been a huge hullabaloo yet there has been a huge hullabaloo about coming up with new rules, that the government should get more involved. I believe capitalism generally works. I honestly dont think that its that big of a deal whether we have a voluntary agreement or a , in myven that experience, there is hardly any evidence of their really being a problem. There really being a problem. The idea that the Internet Companies are somehow being bullied by Companies Like verizon and at t is fundamentally illogical if you look at the market caps, the market power, the consumer relationships, the way they are perceived in the marketplace. Caroline michael, respond to that. Is there evidence prior to Net Neutrality that smaller startups content makerset were unable to get equal access to the internet . Yeah. A few things to respond to that. One, we have had rules or the overhang of rules for quite some time from the 2010 rules that got struck down and back and forth. We have been under a period of uncertainty in this area where i think it has kept everybody honest. In terms of the protections that are needed, 70 of americans have zero or one choice for your broadband highspeed broadband connection, which means there is not a lot of competition when you compare that to the internet, where everything is a click away. If you dont like one streaming service, you can use another, and there is lots of competition. This is not just about the large companies. Certainly, you could say they could fight for themselves although its a different landscape. What about the next generation of companies . Its about consumers and maintaining the low barrier to entry for the next generation of Internet Companies to have the same chance the first generation did. Caroline if we see ajit pai stand by his word and remove Net Neutrality or make it a voluntary process, move it to th e ftc, will the Internet Companies you represent fight back legally . We are going to make sure our voice is heard in congress, in the fcc, through every means possible, because we are outcomeoriented. The rules that they have in place are working for consumers. We want to make sure they stay. Dont think it makes sense moving this to an agency that is not the expert agency. You would not move approval of drug prices from the fda to the ftc. All the scientists are at the fda. Same thing here. The engineers and experts are at the fcc. Caroline should the Internet Companies you receive be overseen by the fcc, too, if thats where all the experts were . Covered by the ftc as it relates to network privacy. We are talking about network management. Making sure the internet stays open and free. You dont have the isp gatekeepers. Its different when youre looking at isp providers vs. Isps. Caroline michael beckerman, thank you. Our guest host, techonomy david srkpatrick techonomy david kirkpatrick. We will hear from a ceo on a companys first day of trading. This is bloomberg. Caroline instagram is seeing continued growth of its snapchatlike feature. Over 200 Million People are using instant graham stories every day, up from 150 million Instagram Stories every day, up from 150 million in january. 2 onhares slid around the news, but regained to close flat. Tech companies seem to be lining up to enter the public market. Yext is the latest to take the ipo plunge. It helps chains manage their individual listings across social networks and apps. Bloombergs alex barinka spoke to ceo howard lerman. Being public presents us with incredible credibility. Many of our customers are the worlds biggest financial institutions. They want to see a company that has transparent, audited financials. They want to know a company is going to be compliant. Being public helps us with our credibility. It also is a huge marker of our awareness. As a pioneer in a new category, the most important thing is creating the awareness of how we can solve this huge problem. For a company, their website used to be the centerpiece of their digital experience, but now it is maps, voice search, and knowledge card answers. Yext helps our customers with this. We are new in this category, and we need to make sure we have the awareness. An ipo helps us do just that. Ceoline that was yext howard lerman. Joining us is the interviewer herself, alex barinka. Still with us is david kirkpatrick. To berise software seems where it sat when it comes to ipo. Anymore we should keep our eyes on . Alex b. thats typical for a healthy tech ipo market. A majority of the listings will come from enterprise software. Another company is prepping their listing. They are looking to go public at a valuation of about 4 billion. They filed publicly last week. Ancestry. Com. There are a number of names out there where, at this time last year, i did not have much for you. It does seem like there is investor interest for these listings, which is an important ingredient, and now we have the supply. We have the Companies Getting ready. It seems like we will see more in this enterprise tech last in inms of u. S. Tech class terms of u. S. Listed companies. Ceod i can see why yexts would want to go public for the marketing reasons. Im not sure why investors should be interested in a company that had 120 million in revenues and lost 40 million. To me, that feels very bubbleish. What do you think . Aex b. it seems we have seen shift on putting more onus back on revenue. Last year, before we saw this after labor day in 2016, investors in public equity markets wanted both topline growth and they really cared about profitability or paths to profitability. Weve seen more of an appetite, whether its a company like yext or snapchat, for these younger companies, where the investors are saying im willing to come in and take a more risky bet, award you on valuation, because i think you have potential in the future. Talking to people on the street, there are a few classes of investors that are looking at this. The fact of the matter is there still are not a ton of tech listings. You have some people chasing nearterm returns. Itself is up 20 on listing day. You think of the past money moving in and out, that is definitely a reality right now in the ipo market think of the fast money moving in and out, that is definitely a reality right now in the ipo market. Caroline what is still burned into our memory is the start of the ipo doorway, which was slammed shut by app dynamics getting bought out by cisco at the last moment. Alex b. it seems like this when the pendulum has swung back to ipos. My colleagues and i sourced a bunch of different situations. Outnexus considered a dual track. These companies are lists looking to the public market. Could that change at the drop of a hat . Potentially, yes. Everyone is very concerned about where equities will be over the next 18 months to a year. Seem like ipodoes is the course of action for the exitready companies who could potentially be standalone and have some interest from public markets. Caroline all eyes in europe on this as well. Alex barinka and techonomy ceo david kirkpatrick. Coming up, another crazy week for chipmakers. So begins the drama of qualcomm. This is bloomberg. Ive spent my life planting a sizesix, nonslip shoe into that door. On this side, i want my customers to relax and enjoy themselves. But these days its phones before forks. They want wifi out here. But behind that door, i need a private connection for my business. Wifi pro from comcast business. Public wifi for your customers. Private wifi for your business. Strong and secure. Good for a door. And a network. Comcast business. Built for security. Built for business. Ways wins. Especially in my business. With slow internet from the phone company, you cant keep up. Youre stuck, watching spinning wheels and progress bars until someone else scoops your story. Switch to comcast business. With highspeed internet up to 10 gigabits per second. You wouldnt pick a slow race car. Then why settle for slow internet . Comcast business. Built for speed. Built for business. You are watching Bloomberg Technology. Some strong words for wikileaks and its founder from cia leader mike pompeo. Not reporters doing good work to try and keep the American Government honest. These are people who are actively recruiting agents to steal american secrets with the sole intent of destroying the american way of life. That is fundamentally different than a First Amendment activity, as i understand them and i think as most americans understand them. The most u. S. Dropped powerful nonnuclear bomb in its military arsenal for the first time in history today. The bomb struck an