There are steps taken in recent elections. The Council Voted to extend the mandate of the mission for a final six months. President trump has signed legislation to give states flexibility to withhold federal familyplanning money from planned parenthood. It is part of a broader effort by republicans to cut off federal funding from organizations that perform abortions. The first female u. S. Muslim judge has been found dead in the hudson river. The body of sheila abdussalaam 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 an exclusive interview with an apple executive. The largerscuss economy of the tech giants supplied chain. The battle lines are drawn as the worlds biggest internet giant gear up for a fight with u. S. Regulators over Net Neutrality. Another tech company dives into the public market. We will give you the latest outlook for the ipo landscape. First, to our lead. 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 additional 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 not hard to do. It was a matter of 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. Shares of European Chipmaker Dialog Semiconductor plunged after an analyst warned that apple would probably cut back on use of the companys chips. Joining us to take a look at the supply ecosystem david , kirkpatrick, ceo of techonomy. Live from new york. And here in San Francisco alex , webb, bloomberg reporter who knows all things apple. Talk to us about the news coming out. Alex apple has been buying Chinese Energy sources in order to facilitate these sorts of contracts with its suppliers. On the 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 in 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 to apple for trying to get Renewable Energy sources. It has huge advantages for the environment. But there is a financial incentive, as well. The way these things work, you sign a 20 year to 30 year 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 not surprising there is a Business Case for this, not just an environmental case. Particularly at a time when the administration perhaps does not care so much about the environmental credence of business. David it is not surprising the suppliers are in china. It is an issue of Renewable Energy, it is much bigger there than it is here. The resources do exist there. Even if they dont today, they are likely to tomorrow. At exactly the point when there is a lot of question in our country if we are moving in that direction. 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. Favorite function, supply chain 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 big players here. 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. Apple holds all the keys 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 that it possibly can out of the iphone. We have seen the way apple has gone forward in terms of integration. 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, logical fronts which underpin the iphone. Caroline and support their margins, perhaps why they are going after qualcomm. David, you are an optimist or pessimist when it comes to how much apple can rejuvenate themselves and be the innovator we remember of the past decade . We have the iphone 8 coming up. David thats an interesting question, not the one i would have expected you to ask. I would say im neutral on that. 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, like, really move the needle. But maybe they can. They have done miracles before. Their ability to execute logistically is unparalleled. I wanted to briefly comment on the reliance issue for the suppliers, which is connected to their logistics superiority. This ties into this 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 fleet of suppliers all over the world who live by the sword and die by the sword, if apple lifts its lower pinky, it might hurt them seriously and cause their stock to plummet, does apple have some kind of special responsibility to let shareholders know what might be coming or even take them under their wing . That is not the way they would think they have to behave. 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. You will be sticking with us this now, another stock we are hour. Watching. Tesla. Shares jumped after ceo elon musk announced plans to pad the companys lineup with electric vehicles. Musk said that after the final unveiling in july, tesla will unveil a semi truck, also known as an articulated lorry, if you are a brit like me. In september they will also have a pickup truck, 18 to 24 months after. 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 neutrality rules alone. We will dig into the battle over internet oversight. A reminder that all episodes of Bloomberg Technology are now livestreaming on twitter. Check us out. This is bloomberg. Caroline the fcc says tmobile, comcast, and dish network are among the top winners in the latest u. S. Airwave auction. This is the bidding process for airwaves that 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. Those shares sunk after hours after we saw that announcement. Sticking with the fcc, the 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 content and applications. This week, the leader of the trade group that represents amazon and facebook met with ajit pai in washington. Pai has a track record of opposing the existing rules. Especially the title to classification which gives his Agency Authority over the internet. Internet association ceo Michael Beckerman joins us from washington. David kirkpatrick, our guest host for the hour. Michael, you have met with ajit pai. Interesting moves perhaps he of oversightt rid fcc, andps by the perhaps wants to move it to the ftc instead. Your view is that Net Neutrality should not be changed. Was he open eareared or not . It was 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 one, right in 2015. We are advocating they keep it the same. If its not broke, dont fix it. As a relates from moving the rules from the fcc to the federal trade commission, i would point to the comments from commissioner mcsweeney 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 snake meant statement made by Terrell Mcsweeney about the 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 at stake here. The competition of sites online, the low barrier entry for startups and 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 . Is it not broken, as far as you see . David ironically, i do agree with him, if its not broke, dont fix it. But to me 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, and 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 law, given that, in my experience, there is hardly any evidence of there really being a problem. The idea that the Internet Companies like facebook and google 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 and some internet content makers 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 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 against isps, although its a different landscape. What about the next generation of companies . That is to this is also about. Its about consumers and maintaining the innovation and 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 the 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. We 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. Why . Because all the scientists are at the fda. All the experts are there. 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 are . Thats covered by the ftc as it relates to network privacy. We are talking about network management. Those are the engineers that have the expertise making sure , the internet stays open and free. You dont have the isp gatekeepers. Its different when youre looking at edge providers vs. Isps. Caroline Michael Beckerman, thank you. Our guest host, techonomy david kirkpatrick. Wonderful to have you staying with us. Another tech company has taken the ipo plunge. 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. They announced that over 200 Million People are using instant Instagram Stories every day, up from 150 million Instagram Stories every day, up from 150 million in january. Snap shares slid around 2 on the news of the game 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. Based in new york, the startup helps chains of like tmobile and ben jerrys manage their individual listings across Search Engines social networks , and apps. Bloombergs alex barinka spoke 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 financials. A want to see our 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 at the exact moment of intent 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. Caroline that was yext ceo howard lerman. Joining us is the interviewer herself, alex barinka. Still with us is david kirkpatrick. We seem to see Enterprise Software is where it is at when it comes to ipo. Anymore we should keep our eyes on . Alex b. thats typical for a healthy tech ipo market. That is where the 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. Another one is considering, and ancestry. Com. There are a number of names out there where, at this time last year, i did not have much for you. There were not a lot of people going. 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 tech class in terms of u. S. Listed companies. David i can see why yexts ceo 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 . Alex b. it seems we have seen a shift on putting more onus back on revenue. Late last year, before we saw this rush, 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, which did it go public earlier. We see more appetites 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. We have the ones that want to get in and lead in these companies. The fact of the matter is there still are